Top Real Estate Developers in Ghana
Marcopolis.net has compiled a list of the top real estate developers in Ghana. Ghana’s real estate business is booming and western investors are not oblivious of the development.
Top Real Estate Companies in Ghana
Ghana’s Top Real Estate Developers
Marcopolis.net has compiled a list of the top real estate developers in Ghana. Ghana’s real estate business is booming and are not oblivious of the development.
With the national population increasing at an annual rate of about four percent, urbanization hitting every town and city and foreign direct investments on a consistent rise, demand for real estate properties, either for residential or official purposes, is on the rise. Indeed, the growth potential of Ghana’s real estate sector remains very high.
These developments have conspired with the country’s gaping economic and social disparity to create a national housing deficit that is now an albatross on the neck of the government and those without houses. Ghana Real Estate Developers Association (GREDA), the umbrella body of estate developers, estimates that the deficit had peaked at 1.7 million housing units. GREDA suggests that a minimum of 170,000 housing units is required annually over a 10-year period to offset the deficit, some experts believe that the actual deficit runs in higher figures. GREDA recently called for an establishment of a revolving housing fund that would provide long-term funding for the construction/real-estate sector.
In our ranking of top companies by sector, Marcopolis brings to you a list of the top real estate companies in Ghana, which among others includes Regimanuel Gray, Devtraco Ghana, Dream Realty, Trasacco Estates Development Co. and Clifton Homes.
Top Real Estate Developers in Ghana
| Rank | Company | Country | Sector | Description |
|---|---|---|---|---|
| 1 | Ghana | Real Estate | Managing Director: Ibrahim Bah — Interview: Regimanuel Gray: A Leading Real Estate Developer for Affordable Quality Homes in Ghana Regimanuel Gray is a household name in Ghana’s real estate sector. With dozens of gated communities spread across the capital, Accra, and the adjoining city, Tema, Regimanuel has, over the years, made a name for itself through the construction of classy apartments targeted at young and middle income earners. The company is a partnership between a Ghanaian company, Regimanuel Limited, and a US company, GRAY, that was incorporated in 1990 with real estate development as the core of its business. The company is one of the founding members of the GREDA and has received dozens of awards in the housing industry. It is a recipient of Home Finance Company, Gold Award (1998); Best Estate Developer, the Ghana Millennium Excellence Award, and the 13th International Construction Award of Trade Leaders Club in France, Paris. Regimanuel has also been a member of the Ghana Club 100, which is a ranking of the top 100 companies in Ghana. It is currently developing various properties for people of all walks of life and also owns large tracks of land across the country, which it intends to develop in the coming years. |
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| 2 | Ghana | Real Estate | Chief Executive Officer and President: Dr Theresa Oppong Beeko This is the second biggest real estate developer in Ghana. It was incorporated in 1994 as an indigenous real estate developer and has since built over 2,000 houses in prime areas throughout the country. It is popular in the capital Accra and best known for estates such as the Manet Cottage, which is a 350-home development that was sold out even before it was completed. Others are the Manet Cottage annex, Manet Gardens and the Manet Ville, all in strategic locations of the capital. Manet has since its formation been recognized by local and international bodies for its sterling performance in the real estate business and contribution to national development. The company is now looking to go into the construction of luxurious but affordable high-rise apartment buildings in the coming years to help serve the country’s rising appetite for high-end properties. |
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| 3 | Ghana | Real Estate | Managing Director: Seth Adu Devtraco started operations in Ghana in 1993 and has since built assets to the tune of surpassing US$3 billion. It employs over 500 people in its offices and projects sites in Accra and Tema, where over 90 percent of its operations are based. The company’s estates span across prime areas of the Greater-Accra Region. |
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| 4 | Ghana | Real Estate | Managing Director: Kwabena Nyarko Buena Vista Homes is one of the few real estate developers in Ghana that specialist in the building of gated communities. The company has existed for decades and has leveraged on its reputation for quality and innovation to meeting the housing demands of myriads of Ghanaians. Some of the company’s key developments include the Vista Valley at Sakumono and the Beach Drive Development Phase one and two, all in Accra. The phase one of the Beach Drive Development was sold out about two years ago, leaving the phase two, which is currently reaching an end point. The company specializes in luxury apartments with a touch of modernity targeted at high and middle income earners mostly based outside or coming to stay in Ghana. Buena Vista prides itself as the preeminent builder hat has a reputation for good, quality, well-designed and built homes. |
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| 5 | Ghana | Real Estate | Managing Director: Karim Ibrahim — Interview: The Octagon: Offices, Commercial Space and Five-Star Hotel in Accra by Karim Ibrahim Dream Realty is a real estate development company based in Ghana with a long, diversified and multi-disciplinary experience in building. A joint venture between the Beirut-based Jamil Ibrahim Establishment and the renowned Interplast Limited of Accra, Dream Realty is committed to bring engineering vision into the reality of an ever-evolving world. Through planning, design, and implementation and a hallmark of quality, every project is considered with the same scrupulous dedication to deliver highly qualified aesthetic construction standards. Its flagship project is the Octagon, a multipurpose office complex located in the heart of Accra. |
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| 6 | Ghana | Real Estate | Managing Director and Founder: Ian Morris — Interview: High End Real Estate Developer in Ghana: Trasacco Estate Development Co. Trasacco Estates Development Company Ltd. (part of Trasacco Group) is another leading property developer in Ghana and currently has over US$ 350 million in on-going projects. TEDC is a turnkey developer with strong in-house design teams, construction teams, cost control department, procurement and logistics department. Its major projects include among others Trasacco Valley Estate, Villagio in Accra, and also Turtle Bay Private Residences in Ada. |
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| 7 | Ghana | Real Estate | Chief Executive Officer: Carlo Matta — Interview: First Commercial Building with A Green Certificate in West Africa: One Airport Square Laurus Development came about as a result of a joint venture with investment equity firm, Actis. The company is headquartered in Accra, Ghana, but operates in the West African sub region, with major projects in neighboring Nigeria. It prides itself as a developer of prime estates, especially those meant for corporate offices and retail spaces, in both Ghana and Nigeria. Some of its key developments in Ghana include the One Airport Square in Ghana’s Airport Residential Area and the Exchange, also in Accra. |
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| 8 | Ghana | Real Estate | Chief Executive Officer: Ann Brewin — Interview: Clifton Homes: Providing Stylish, Well-Designed Properties at a Sensible Price in Accra The current key project by Clifton Homes is Embassy Gardens, located in the heart of Accra’s distinguished diplomatic district, just 500m from the US Embassy in Cantonments. Other projects include The Gallery (located at Tetteh Quarshie, opposite The Accra Mall), the winner of “Best Apartments – Africa” at the 2015 International Property Awards sponsored by Rolls Royce. Clifton Homes also stand behind The Residence, Addy Villas, Clifton Place and Clifton Court. |
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| 9 | Ghana | Real Estate | Chief Executive Officer: Stephen Debrah-Ablormeti — Interview: Real Estate Market in Ghana: CPL Group Providing Tailored Residences for Ghanaians CPL Group is based in Accra, Ghana’s capital city. The Group provides clients with a vast selection of new homes that are available for sale. Its goal is to offer tailored residences for Ghanaians, all throughout Accra’s Central locations, such as East Legon Hills and Shiashi. CPL’s available properties are varied and diverse, ranging from two bedroom apartments and spacious townhouses, to three bedroom residences and studio apartments in urban settings. |
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| 10 | Ghana | Real Estate | Managing Director: Hussein Fakhry — Interview: Best Design and Architectural Company in Ghana: Key Architectural Company This is a real estate and architectural company that was established in 1998 by two young individuals, Imad Fakhry and Hussein Fakhry, who were architecture and business management graduates. With over 22 years of accumulated work experiences in prestigious design and construction firms between them, the pair decided to venture into entrepreneurship and, as a result, opted for the real estate sector, where they have since made significant in roots in Ghana and Gabon, where their companies has operations. It has so far worked in different capacities in over 30 different projects in and outside Ghana, which has ultimately earned it an excellent reputation in the construction business. |