March 7, 2018

Residential project in Rendeavour’s Ghanaian urban development gains traction

Dolapo Omidire

Rendeavour announced via press release that The Oxford, Appolonia City’s first turnkey residential development, has sold 85% of its first phase, with a group of homeowners expected to move in this year.

The Oxford is a residential estate within the Appolonia City’s mixed-use development, with plans for 420 houses across a total area of 20 hectares (49 acres). The turnkey development, which targets middle-class buyers, is a joint venture between Imperial Homes and Rendeavour, Appolonia City’s developer. Homes prices within this development start at USD$86,599.

Teddy Prepah, Managing Director of The Oxford said:

“We are excited to welcome over 70 owners to their homes in 2018,”. “Appolonia City is coming together very well, and, with the additional amenities Appolonia City offers its residents, we are certain homeowners will enjoy The Oxford as a community.”

According to the release, the second phase of The Oxford is 15% pre-sold, with construction set to commence in June. These 93 homes will come with solar roof panels and free set-top boxes to connect to the internet, as well as on-demand services.

The entire Appolonia City project is a 2,300-acre mixed-use land development located on the outskirts of Accra, Ghana that intends on offering various opportunities for land use including residential, retail, light industrial, leisure and commercial plots, with infrastructure and development control. Rendeavour, who own more than 30,000 acres (12,000 ha) of land in the urban growth trajectories of major cities in Kenya, Ghana, Nigeria, Zambia, and the Democratic Republic of Congo, work in partnership with world-class experts, local developers, governments and local communities to create large-scale, mixed-use, mixed-income, satellite cities.

One rapidly progressing amenity for The Oxford residents is Golden Pride International School, currently under construction and set to open in September 2019.

GHL Bank, Ghana’s largest mortgage provider, will be offering 15-20 year mortgages for The Oxford homes.

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