SUMMARY – BEAUFORT PROPERTIES and CITYBLUE HOTELS have JOINED FORCES to CONSTRUCT and OPERATE TWO APARTMENT BUILDINGS in PRIME LOCATIONS in ACCRA. PINEWOOD RESIDENCES by CITYBLUE, a 30-UNIT DEVELOPMENT in AIRPORT RESIDENTIAL, and TRINITY RESIDENCES by CITYBLUE, a 25-UNIT DEVELOPMENT in EAST LEGON, will COMBINE APARTHOTEL and SERVICED APARTMENTS.
Beaufort Properties, a renowned residential developer in Ghana, has partnered with CityBlue Hotels, a rapidly growing local hotel chain owned by The Diar Group. This long-term collaboration will involve the construction and operation of two apartment buildings in prime locations in Accra.
The joint venture will result in two exceptional properties: Pinewood Residences by CityBlue and Trinity Residences by CityBlue. Pinewood Residences, situated in the highly sought-after Airport Residential Area, will feature 30 units. Trinity Residences, located in East Legon, will offer 25 units. In Q4 of 2023, a combination of aparthotel and serviced apartments will be provided by these properties.
Located on Senchi Street in the Airport Residential Area, Pinewood Residences by CityBlue is strategically positioned. This vibrant street is home to notable landmarks such as Mirage Residence, Association School, Kass Towers, and Hollard Life Assurance. Residents will enjoy the convenience of being within walking distance of Accra’s finest restaurants, including Santoku, SkyBar, and La Chaumiere. Furthermore, the property is less than a 10-minute drive from Kotoka International Airport.
The Trinity Residences by CityBlue will feature spacious and stylish studio and one-bedroom aparthotel units. Part of the larger Riviera Residence scheme, which has already completed phases 1 and 2, this development offers a unique mix of residential living, dining, and shopping experiences. Situated in a picturesque lakeside setting in the heart of East Legon, Trinity Residences promises a modern and inviting atmosphere.
Statements from Key Figures
Ernest Hanson, CEO of Beaufort Properties, expressed enthusiasm about the partnership, stating, “The Diar Group has recognized a gap in the sub-Saharan market, and now is the perfect time for CityBlue to enter Ghana. With consistent growth and resilience in multiple East African markets, CityBlue is ready to launch its first portfolio in West Africa. Beaufort Properties, equipped with a skilled team of professionals in Ghana, is excited to introduce this fresh and authentic brand to Accra’s hospitality sector.”
Jameel Verjee, Principal of The Diar Group and Founder of CityBlue, added, “Our journey across East, Central, and Indian Ocean Africa has served as our foundation. We believe this prepares CityBlue for the next phase of expansion, and partnering with a world-class local team in Ghana, renowned for real estate development, makes perfect sense. Their confidence in the post-pandemic rebound of the hospitality sector aligns with our vision.”