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Business News of Wednesday, 10 June 2015

Source: Prabon Greenfields

Prabon Greenfields sets prestigious standards for Ghana's housing dev't

Prabon Greenfields Prabon Greenfields

Prabon Greenfields, a new community is taking shape at Prabon a town near Kumasi and promises to re-define the luxurious way Ghanaians would want to live in the future.

Prabon Greenfields is currently raising the bar with a gated community which is stand-alone villas that can boast of a number of unique fittings and facilities in the modern real estate market of today.

The housing project is being developed by the Prabon Greenfields Ltd, which is a joint venture of Asanteman and Vital Capital Fund from Israel, while the construction works is being executed by Consar Limited a renowned Ghanaian/Italian construction company.

A total of 500 housing units have been planned to be constructed in the community. However, 50 of the facilities are presently being constructed.

The project is the first-of-its-kind, comprehensive eco-friendly community to be constructed in the Ashanti Region with state-of-the-art facilities, thus setting the standards for a modern family setting.

There is an arrangement with Ghana Home Loans and Stanbic Bank to be working with the PGL to provide mortgage arrangements for prospective buyers of the property.

The project has provided employments to about 300 local people with diverse professional backgrounds, and are committed to duty.

Mr. Eytan Stibbe, the founding partner of the Vital Capital Fund, has said the project was the first major investment by the Fund in Ghana, and has expressed the hope that it would provide more comfortable accommodation in a community for the people in an eco-friendly environment.

Unique fittings / facilities

? Prabon Greenfields is first to have a central waste treatment plant to which all houses will be connected negating the need of septic tanks.

? In fact, after filtration the water is so clean it is going to be used to irrigate the public areas and gardens.

? Prabon Greenfields is first to have a central and independent water treatment and pumping plant serving all houses with drinkable water all the time.

? Prabon Greenfields is first to offer fully tarred roads, underground drainage, electricity and communications from the get-go. No ugly electricity or telephone poles, no danger of falling poles in a storm.

? Solar panels for the water boilers.

? Prabon Greenfields is offering the most cohesive and attractive living experience on offer to date with public areas including a River Walkway and Park, a nature reserve owners can enjoy for some fun and relaxation or healthy jogging under the trees, kindergartens and schools as well as a management and commercial area that will include various shops, services and social areas. In fact, inhabitants of this beautiful estate will only have to leave the premises when going back to the airport!

Asantehene’s intervention

The Prabon Greenfields Project was initiated by the Asantehene in partnership with Israeli investors, Vital Capital Group, to provide a decent and relatively affordable housing facility for first and middle class workers, such as Doctors, Lecturers, Professors, Lawyers, etc.

The project, which is aimed at addressing the shortage of urban housing in the country, is made up of the construction of a high-quality integrated, environmentally friendly houses and community services such as day care, schools, health services and nature preservation solutions.

This followed a visit by the Asantehene, Otumfuo Osei Tutu II to Israel in 2012 at the invitation of a former Israeli Ambassador, Yehuda Avner, during which he established a link with Group Chairman of Vital Capital, Eytan Stibbe, who agreed to invest in Ghana’s urban housing sector.

Otumfuo, has said the challenge is for the Ghanaian businessmen and women, particularly those from the Ashanti Region, to seize the opportunity and help sustain the concept by patronising the facility.

He has also added that the days that Ghanaians have to look at only East Legon or Trassaco for decent accommodation are now over.

His Royal Majesty has expressed the optimism that his quest to develop the Asante Kingdom would be adequately enhanced since many more businessmen would be willing to relocate from Accra to Kumasi.

“Currently, an ultra-modern shopping mall is on-going under my initiative and just a few months ago I commissioned the renovation of the Kumasi Airport. All these are meant to enhance business activities in the region,” the Asantehene emphasized.

The Asantehene observed that indigenous construction firms have the capacity to compete favorably with their international colleagues and must, therefore, be given the needed support and encouragement to do so.

According to him, apart from improving the economy of the country through the domestic recycling of cash, the engagement of local construction firms would also serve as the avenue for job creation thereby ensuring that more Ghanaian youth are employed.