{"id":235271,"date":"2024-10-19T15:49:31","date_gmt":"2024-10-19T15:49:31","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/19\/saglemi-housing-project-gets-financier\/"},"modified":"2024-10-19T15:49:31","modified_gmt":"2024-10-19T15:49:31","slug":"saglemi-housing-project-gets-financier","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/19\/saglemi-housing-project-gets-financier\/","title":{"rendered":"Saglemi Housing Project Gets Financier"},"content":{"rendered":"<p><\/p>\n<div>\n<p>\u00a0<\/p>\n<p>The Saglemi Housing Project, has finally found a new developer to complete the 1,506 housing units. Quarm-LMI Consortium has been selected as the preferred developer, following a rigorous negotiation process involving the Ministry of Works and Housing, Office of the Attorney General &amp; Ministry of Justice, Ministry of Finance, and Deloitte.<\/p>\n<p>This development marks a significant milestone in the project\u2019s history, which has been plagued by controversy and delays since its inception in 2012.<\/p>\n<p>Initially envisioned to deliver 5,000 affordable housing units, the project was scaled down to 1,506 units before being abandoned due to legal issues.<\/p>\n<p>The partially built structures suffered from vandalism and theft, adding to the project\u2019s woes.<\/p>\n<p>The Ministry of Works and Housing has clarified that the Saglemi project has not been sold to the private developer.<\/p>\n<p>Instead, Quarm-LMI Consortium has been selected to finance and complete the project, with both the government and the developer set to recover their investments upon completion.<\/p>\n<p>Kojo Oppong Nkrumah, Minister for Works and Housing, expressed confidence in the project\u2019s revival, stating, \u201cThis 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\u2019s housing deficit\u201d.<\/p>\n<p>Quarm-LMI Consortium brings together LMI\u2019s expertise in industrial park development and real estate, and QUARM\u2019s logistics, utilities, and finance capabilities.<\/p>\n<p>Broll Ghana Limited, a joint venture between Social Security and National Insurance Trust (SSNIT), SIC Insurance PLC, and Broll Property Group (BPG), was also shortlisted for negotiations but lost out in the process.<\/p>\n<p>The project\u2019s completion is expected to provide affordable housing units to salaried employees and workers unions.<\/p>\n<p><strong>-BY Daniel Bampoe<\/strong><\/p>\n<p><!-- CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The Saglemi Housing Project, has finally found a new developer to complete the 1,506 housing units. Quarm-LMI Consortium has been selected as the preferred developer, following a rigorous negotiation process involving the Ministry of Works and Housing, Office of the Attorney General &amp; Ministry of Justice, Ministry of Finance, and Deloitte. This development marks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":218554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-235271","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saglemi Housing Project Gets Financier - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/19\/saglemi-housing-project-gets-financier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saglemi Housing Project Gets Financier - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"\u00a0 The Saglemi Housing Project, has finally found a new developer to complete the 1,506 housing units. Quarm-LMI Consortium has been selected as the preferred developer, following a rigorous negotiation process involving the Ministry of Works and Housing, Office of the Attorney General &amp; Ministry of Justice, Ministry of Finance, and Deloitte. 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