Discussing How COVID Impacted the Need for More Commercial Offices in Accra with Radwan Dakmak

Radwan Dakmak, CEO of Meridian Group, discusses how COVID impacted the need for more commercial offices in Accra.

“The initial plan was to have a serviced apartment building within the complex of the Atlantic Tower so they would complement each other. Visitors or short-term staff who come to Accra to work for multinational companies could make use of the accommodation which is in the same compound. But due to the pandemic in 2020, we decided to put the concept of serviced apartments on hold until we saw how things would change. A lot of companies now have employees working from home, even in Ghana, and the number of expatriates who fly into the country has been drastically reduced so the demand for serviced apartments attached to a commercial building has also dropped. That is why we decided to convert the serviced apartment building into a commercial building. The other thing that pushed us to do it is that Atlantic Tower is fully occupied and because there is a need for more office space, we thought we might as well add more commercial offices. The general market trend is still slow but there are some companies in Atlantic Tower that want to expand so that also prompted us to convert the serviced apartment building into a commercial building”, says Radwan Dakmak.

ABOUT MERIDIAN GROUP: Meridian Group has been at the forefront of real estate development in Ghana and provides prestigious real estate offerings in Accra. The company is known for two main projects: Meridian Apartments, an award-winning apartment complex providing tenants with multiple residence types to suit varied lifestyle needs, as well as Atlantic Tower, an EDGE certified A-grade office building situated in the heart of Airport City, Accra’s rapidly growing commercial hub.

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