MIRAMAR TOWER
Basic Information
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PROPERTY OVERVIEW
Miramar Tower is a fully approved mixed-use residential development located in Airport Residential Area, Accra – Ghana, one of the city’s most prestigious and supply-constrained districts.
Developed by Leen Real Estate, the project is fully capitalized in cash and structured as a strategic minority co-investment opportunity alongside an experienced sponsor with over 35 years of market leadership.
This 48-month investment provides exposure to USD-denominated residential real estate in Accra’s strongest-performing submarket, supported by high demand from end-users, diaspora buyers, and institutional investors.
INVESTMENT FEATURES
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Prime location – Airport Residential Area
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Fully approved development – no permitting risk
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100% developer-funded construction (no external debt exposure)
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USD-denominated pricing structure (currency hedge)
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Projected sell-out value of approximately $44M
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Average pricing: $2,850 per sqm
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Target IRR: ~22% per annum
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Equity Multiple: 2.21x over 48 months
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Minority co-investment structure (20% Investor / 80% Developer profit split)
PROJECT COMPONENTS
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2 Basement Levels (Parking)
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5 Retail Units (Ground Floor)
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11 Office Units (First Floor)
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219 Residential Units (Studios, 1-Bed, 2-Bed Mix)
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Phased sales strategy aligned with construction milestones
SHARED AMENITIES
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Fine Dining Restaurant
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Fully Equipped Gym
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Luxury Spa & Wellness Center
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Secure parking & controlled access
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Prime connectivity to airport & diplomatic district
EXIT STRATEGY
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Phased unit releases aligned with vertical construction progress
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Premium floor and view pricing differentiation
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Investor distribution upon completion and settlement (Year 4)
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Location
Pricing and Investment
Investor Information
Key Investment Metrics:
• Investment Term: 48 Months
• Projected Sell-Out Value: $44M
• Target IRR: ~22% per annum
• Equity Multiple: 2.21x
• Net Profit Split: 20% Investor / 80% Developer
The project carries zero external debt and benefits from conservative revenue assumptions, healthy construction margins, and phased sales strategy aligned with development milestones.