Today, November 19th, is the last day of the 2015 West Africa Property Investment Summit (WAPI).
Today marks the end of WAPI 2015!
Today is the last day of the 2015 West Africa Property Investment Summit(WAPI).
Holding at the new Kempinski Hotel in Accra, it addresses key issues concerning property development in West Africa.
Sponsors for the event include Stanbic Bank, and Broll.
Adeniyi Adeleye, Head, Real Estate Finance, Stanbic IBTC, West Africa, spoke on the importance of the event as a link between industry players and the real estate sector in general.
“West Africa’s growing economies have resulted in an increased demand for quality developments across the real estate landscape. Stanbic Bank is a proud sponsor of the West African Property Investment Summit and looks forward to meeting with key industry stakeholders, to discuss how we can accelerate the development of the region through partnerships with local and international developers. Standard Bank Group was voted the Best Overall Bank in Africa in the2015 Euromoney Real Estate Survey Awards.
"Similarly its subsidiaries in the key economic hubs, Ghana and Nigeria, were also voted the Best Banks in the same Euromoney survey. These accolades prove our commitment to driving Africa’s growth and our deep focus on impacting the real estate landscape in key regions. “
“West Africa has the largest single market and collectively, the second biggest market in Africa to tap into the juicy investments within the sub-region (where on a lighter note Accra is the gateway, Lagos the destination and Abidjan, the Paris of West Africa)."
Kofi Ampong, MGhIS, CEO, Broll Ghana Ltd., also had something to say.
"Broll has been serving the investor and occupier markets in West Africa for over 10 years now – since 2004 in Nigeria and 2006 in Ghana, offering services which include commercial broking and investment sales, corporate real estate services, facilities, property and project management, retail management, consulting and leasing, residential brokerage and management, research as well as valuation and advisory.”
“There are unlimited opportunities (retail, residential, offices and to a lesser extent industrial parks) in the Francophone countries and the language barrier should not be a hindrance or obstacle. Investors should take the bull by the horn and venture into these “virgin’’ countries such as Benin, Burkina Faso, Niger and Togo, with no western style malls, particularly for retail investors."
"Despite opportunities in the sub-region, barriers to entry remain slightly high. The major risk for developers and property investors is no longer political instability but rather, access to title deeds, to some extent, capital constraints and the procurement of building materials, in some instances lack of depth and quality of tenants and lastly, high rentals demanded by owners of these developments/properties."
Terrace Africa is the host of the event and also, the creator of the widely known Africa Property Investment Summit and EAST Africa Property Investment Summit.
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