Broll Ghana Scoops Property Awards

Angelina Acquah, Broll Ghana – Senior Property Manager

Broll Ghana, established in 2006 recently won awards for Best Valuation Firm and Best Brokerage Firm of the year at the Ghana Property Awards, an annual event that recognises property leaders in the industry.

No stranger to winning awards, the company has won awards for Property Management Company of the Year 2013, Facilities Management Award 2012, Maintenance Award 2011 and Commercial Building Management Award 2010.

According to Broll Ghana Chief Executive Officer, Kofi Ampong, the recent awards speak to hard work and quality of service that Broll Ghana provides to its clients and business partners.

He says what makes the company continue to be recognised in the industry is because of high standard of professionalism, strict compliance with international professional standards through its membership of international professional organisations such as RICS, unrivalled research and staff development.

“Our success has been mainly due to repeat business from a great deal of satisfied clients and through the production of quality valuation reports and excellent customer care services,” he says.

Broll Ghana offers property services which include commercial broking, Corporate Real Estate Services, facilities, project and project management, property valuation and advisory services, shopping centre management, retail leasing and consultancy and residential broking and management.

Retail and investments in Ghana

The company leased and also manages the new 27,000m2 West Hills Mall in Accra which opened in November. This shopping centre was fully let before opening, Ampong points out.
Tenants include Shoprite, Mr Price, Truworths, Mango, Sunglass Hut and Silverbird Cinemas among others.

He notes that the second phase of this centre is scheduled for completion in the second quarter of 2015 and is going to be the biggest centre in West Africa measuring 38,800m2 upon completion.

Broll is also involved in other malls in managing development projects, leasing and centre management and these include among others A & C Square in East Legon, Achimota Mall, Accra Mall in Tetteh Quarshie, Accra Waterfront, Meridian Mall in Tema, The Exchange, The Union and The Junction.

On retail, Ampong says Ghana has seen a major turn-around in the formal retail sector with the opening of Accra mall in 2007 which followed the opening of the then A & C mall (now A &C Square) in 2005.

A number of formal shopping centres have opened since then which include Marina Mall and mixed-use developments which comprise of retail and offices at Airport City and Osu Oxford Street Mall.

Investors eyeing Ghana real estate investments will be happy to know that the Ghana government strongly encourages inward investment by providing incentives to foreign investors, explains Ampong.

These incentives include tax holidays of up to five years for companies investing in real estate, exemption of equipment and plant and machinery from customs import duty as well as the fact that foreign investors in Ghana are allowed to transfer all their annual profits or dividends back to their home country.

Real estate and construction are sought after sectors for investment due to relatively high profit margins, while the financial and insurance sectors are other sectors to look at due to attractive returns and liberalisation of existing insurance laws.

Ampong explains that under the governments’ Financial Sector Strategic Plan II, the government of Ghana has introduced new laws to develop/expand the insurance sector as well as increase insurance coverage throughout the country by introducing micro-insurance products for low-income consumers.

On investment locations, he says Accra, Kumasi and coastal towns near Accra are ideal for real estate, while the western region is home to oil and gas infrastructure investments with power generation investments nationwide.

“Broll Ghana has provided real estate consultancy advice and property valuation services to a number of local and foreign investors in Ghana in the last eight years.
“With our unrivalled local market knowledge we will continue to provide quality services to both new and existing clients,” adds Ampong.