Devtraco Group, a leading Ghanaian real estate developer with more than three decades of experience, has intensified efforts to attract Nigerian investors to Ghana’s luxury property market while exploring opportunities to participate in large-scale housing development in Nigeria.
The company, which has developed high-end residential and commercial properties in Ghana, showcased its Accra portfolio, including Arlo Cantonment, The Pelican Hotel and The Address, to high-net-worth individuals and potential investors at a media interaction in Lagos.
The engagement, according to the company, is part of its strategy to deepen cross-border real estate investment within West Africa and encourage Nigerians to diversify their property portfolios beyond their home market.
Speaking at the event, Devtraco’s Development Director, Sidney Quaye, said the company’s properties were designed to offer more than accommodation, describing them as a reflection of a sophisticated lifestyle.
He said their visit to Nigeria signals Devtraco’s growing focus on Nigerian investors and its commitment to facilitating cross-border real estate investment within West Africa.
According to Quaye, investors are increasingly exploring international real estate opportunities as a way of preserving wealth, diversifying their holdings and reducing exposure to risks associated with investing in a single location.
He said: “Our houses define rich lifestyle, indulgent horizon, philosophy of space and connecting Accra’s city energy to the course of life.”
Head of Sales , Devtraco, Ewurabena Braye, said investing in Ghanaian real estate through the company offers investors the opportunity to earn returns while benefiting from capital appreciation.
She said the company’s investment proposition includes a return on investment (ROI) of more than 12 per cent and capital appreciation of over five per cent.
Braye also cited security of investment, stable government policies and the absence of contractual restrictions preventing investors from transferring profits to their home countries as some of the advantages of investing in Ghana.
“We have over 1,800 keys to our names in Ghana as the biggest developer,” she said.
She further said Ghana’s legal and investment environment provides investors with mechanisms to protect their interests, adding that commercial disputes are expected to be resolved within a relatively short period.
“We have a strong legal system where commercial disputes don’t last beyond 90 days. There is no exit clause that insists your money remain in Ghana,” Braye said.
She urged investors to consider geographical diversification, particularly as economic and market conditions in major cities continue to change.
“With over three decades of experience in real estate, changing realities in major cities have made diversification an important consideration for investors,” she said.
Chief Sales and Marketing Officer, Sandra Mudzimba, said Devtraco’s investment philosophy was centred on helping clients build wealth across geographical and currency boundaries.
“Our organisation speciality is building wealth beyond the borders, beyond one currency, spread risk and participate in shared wealth,” she said.
Mudzimba said Ghana had increasingly become a destination for high-profile international investors, attributing the trend to the quality of properties, security and the exclusivity of locations where some developments are situated.
“Our country has become a destination for high profile international investors and American celebrities such as Steve Wonder because of not only the quality of the houses, security, but exclusivity of where our estates are located,” she said.
Quaye disclosed that Nigerians currently account for more than 10 per cent of Devtraco’s clients, adding that the company had established an office in Nigeria to strengthen its relationship with the Nigerian market and make investment transactions easier for prospective clients.
He also called on the Federal Government to consider engaging Devtraco in large-scale housing development projects aimed at addressing the country’s housing deficit.
Quaye said the company had more than 2,000 acres of land in Accra earmarked for site-and-service schemes and affordable housing projects.
He added that Devtraco’s experience spans different segments of the housing market, from luxury developments targeted at high-net-worth individuals to projects designed for low- and middle-income earners.
According to him, the company’s experience across these segments positions it to contribute to efforts to expand access to quality housing in Nigeria.
The company said its growing engagement with Nigerian investors reflects the increasing importance of cross-border property investment as wealthy individuals and institutional investors seek opportunities to diversify assets, preserve capital and participate in real estate markets across West Africa.
