Primrose Properties Ghana Limited (PPG)
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Primrose Properties Ghana Limited (PPG) is a Special Purpose Vehicle (SPV) that develops, holds and invests in real estate assets. Through its development agreement with Black Star Advisors (BSA), Primrose Properties is in the business of structuring, developing and undertaking real estate developments both in the residential and commercial property realms. It was formed in 2006.
The company’s activities are mainly in real estate development. The company has developed core competence in the development of high quality residential and commercial developments. PPG’s clients and customers include the major oil and gas companies and service providers, foreign multinational companies and the diplomatic corp. Funding for projects has primarily been provided by local and Nigerian financial institutions and equity from shareholders.
PPG’s maiden project was the development of Primrose Place, Airport – Accra, Ghana This consists of 50 luxury residential units comprising 2 bedroom apartments, 3 bedroom apartments, penthouses and semi – detached town houses. Primrose Place is now complete with 95% occupancy. Primrose Place is cited as one of the top luxury residential developments in Accra.
Currently, PPG is working on a new development called Ramser, located at Sakumono Community 18. It is scheduled for completion in the third quarter of 2019. Ramser comprises of approximately 5300 square meters of town houses, a corporate penthouse, restaurant and gym.