ACCRA | Project Sunrise | 4* hotel | Proposed

some more pics for you. I am under the impression that this project is now approved but not sure, there's still some thrashing out to be done amongst the investing partners tho. Features I can confirm in the design are:

Underground Parking, Greenstar or LEED certifications, a 4 or 5 star hotel, possibly a new roundabout on the Airport Bypass leading to Polo Club to allow left turns into the property and the Bypass being converted into a dual carriageway (gov't stuff, separate from the project)

Project description
The Exchange is the development of a mixed-use project in Accra, the capital city of Ghana (the Project). The Project is being developed by Actis’s Africa Real Estate Fund 2, a fund controlled by Actis, a private equity firm that invests exclusively in Africa, Asia and Latin America.

The Project will be located on a 6.9 ha site sited directly adjacent to Liberation Road, the main arterial road connecting Accra to the airport.
In total the Project will consist of; i) 2 office buildings with gross building area of 16,500 m2
ii) a 200-room hotel with a conference centre;
iii) 14,400 m3 of retail space and;
iv) 4 residential towers. Basement parking will also be provided for the individual Project components.
The purpose will help to alleviate the supply gap of high quality office and retail space, as well as residential units and hotel rooms in Ghana.

The Project company’s ownership structure is as follows:
Narnett Limited

49.03%
AR2

27.70%
IFC

9.23%
CDC

14.04%


100.00%
Total project cost and amount and nature of IFC's investment
The total project cost is estimated at US$ 255.5 million. The proposed IFC investment consists of a straight equity investment of up to US$10,000,000 in project company.
Location of project and description of site
The Project will be located on a greenfield 6.9 ha site sited directly adjacent to Liberation Road, the main arterial road connecting Accra to the airport. The site is situated within the urban area of Accra and has been previously cleared of indigenous vegetation and is largely barren, grassed or inhabited with alien shrubs.

http://www.ifc.org/ifcext/spiwebsite1.nsf/DocsByUNIDForPrint/56F23C5A4793499585257B630060849F?opendocument

Ghanaians aspire to a desirable office and retail experience but are instead faced with a demand-supply imbalance; meanwhile international corporates hunt for quality office space in a convenient location. Anticipating these dual needs, Actis and its portfolio company Laurus Development Partners are creating The Exchange, a mixed-use urban development on a prime seven acre site near to Ghana’s Kotoka International Airport.
The Exchange, which will be developed in two phases, will incorporate office, residential and retail space and a four-star hotel. It will boast the first pedestrianised retail high street of its kind and its green design will use at least 30% less energy than its peers in Accra.

Actis is developing The Exchange in partnership with Mabani Holdings; the first phase is expected to be ready in 2016.

Courtesy of MAPIC 2013

Tbite said:

The Exchange Mall

Click to expand...

Sorry is this the same project sunrise or a different project

The "Project Sunrise" and "The Exchange" are the same project

and the pictures above are simply what Urban Designers or Architects call Massing (Which is not refined)

This is a refined render of the Exchange. So yes it is very much the same project.

Check the link. As it is stated there.

http://issuu.com/mipim/docs/mapic_2013_news_3/10

It is designed by HOK Architects

Check the link by the IFC (One of those funding the project)

and you can see they use both terms

http://ifcext.ifc.org/ifcext/spiweb...56F23C5A4793499585257B630060849F?opendocument

Courtesy of Actis