Renowned international investment firm, Vital Capital, is investing $15million in the construction of Prabon Greenfields sub-urban township on the outskirts of Kumasi.
The project is intended to provide an initial solution to the housing needs of the rapidly developing middle class in and around Kumasi.
Prabon will be the first housing construction project in Ghana to be designed from the very first step as high-quality integrated and environmentally friendly community.
Supported by the Ashanti King, Otumfuo Osei Tutu II, the construction of the 500-unit gated community is expected to set new standards for housing development efforts in Ghana.
The joint real estate venture, according to the Manhyia Palace, is an opening for fresh investment flow to Ghana.
A thirty-man delegation from the Israeli firm has arrived in Kumasi to attend the Akwasidae Kese to commemorate the 15th anniversary of the ascension of Asantehene to the Golden Stool.
Founding Partner at Vital Capital, Eytan Stibbe, who led the delegation, will join the Otumfuo to commission the project.
The Prabon Greenfields will adhere to the Sustainable Community concept, which emphasizes sensitivity to local environmental and social needs. It will provide high-quality housing and community services such as day care, schools, health services and nature preservation solutions.
Story by Kofi Adu Domfeh