Quarm-LMI Consortium has been selected as the preferred developer to complete the Saglemi Housing project.
This follows the conclusion of negotiations and the receipt of a report on negotiations from a government team comprising representatives of the Ministry of Works and Housing, Office of the Attorney General and Ministry of Justice, Ministry of Finance, and Deloitte with technical evaluation support from the Ghana Institute of Surveyors
A statement dated October 18, 2024 from the Ministry of Works and Housing said “Bids from, Quarm-LMI Consortium and Broll Ghana had been shortlisted from an initial five (5) for negotiations.”
It said Broll Ghana Limited, is a joint venture between Social Security and National Insurance Trust (SSNIT), SIC Insurance PLC, and Broll Property Group (BPG), South Africa's leading multi-disciplinary property services company.
Quarm-LMI Holdings is a consortium consisting of LMI, with interests in industrial park development and real estate, And QUARM with expertise in logistics, Utilities and Finance.
It said the developer will now be formally procured to complete the 1,506 Saglemi housing units, which will then be sold to the public, with a focus on salaried employees and workers' unions.
“For the avoidance of doubt the Ministry reiterates that the Saglemi project has not been sold to the private developer. The developer has been selected to finance and complete the project,” the statement said.
Both the government and the developer will recover their investments when the project is completed, it added.
Commenting on the development, the Minister for Works and Housing, Kojo Oppong Nkrumah, said, "This marks a major step forward in reviving the Saglemi Housing Project. We are confident that the completion of the project will serve the people and help address Ghana's housing deficit."
The Ministry will provide further updates as the project progresses, the statement added.
A statement dated October 18, 2024 from the Ministry of Works and Housing said “Bids from, Quarm-LMI Consortium and Broll Ghana had been shortlisted from an initial five (5) for negotiations.”
It said Broll Ghana Limited, is a joint venture between Social Security and National Insurance Trust (SSNIT), SIC Insurance PLC, and Broll Property Group (BPG), South Africa's leading multi-disciplinary property services company.
Quarm-LMI Holdings is a consortium consisting of LMI, with interests in industrial park development and real estate, And QUARM with expertise in logistics, Utilities and Finance.
It said the developer will now be formally procured to complete the 1,506 Saglemi housing units, which will then be sold to the public, with a focus on salaried employees and workers' unions.
“For the avoidance of doubt the Ministry reiterates that the Saglemi project has not been sold to the private developer. The developer has been selected to finance and complete the project,” the statement said.
Both the government and the developer will recover their investments when the project is completed, it added.
Commenting on the development, the Minister for Works and Housing, Kojo Oppong Nkrumah, said, "This marks a major step forward in reviving the Saglemi Housing Project. We are confident that the completion of the project will serve the people and help address Ghana's housing deficit."
The Ministry will provide further updates as the project progresses, the statement added.