Kojo Oppong Nkrumah
The government has announced Quarm-LMI as the preferred developer to complete the Saglemi Housing Project.
In a statement issued on Friday, October 18, 2024 by the Public Relations Unit of the Ministry for Works and Housing, the government said the selection follows the conclusion of negotiations and receipt of a report on negotiations from a government team.
The team comprises representatives of the Ministry of Works and Housing, Office of the Attorney General and Ministry of Justice, and Deloite and Touche with technical evaluation support from the Ghana Institution of Surveyors.
It said, “Bids from Quarm-LMI Consortium and Broll Ghana has been shortlisted from an initial five for negotiations.
Quarm-LMI Holdings is a consortium consisting of LMI with interest in industrial park development, and real estates and Quarm with expertise in logistics, utilities and finance.”
It also indicated that the developer will now be formally procured to complete the 1,506 Saglemi Housing units which will 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. Both the government and the developer will recover their investment when the project is completed,” it said.
Minister for Works and Housing, Kojo Oppong Nkrumah, said the negotiations marked a major step forward in reviving the Saglemi Housing project adding that they were confident that the completion of the project will help address Ghana’s housing deficit.
By Ebenezer K. Amponsah