Original disclosure @ IFC website
Updated in EWS Oct 12, 2019
Disclosed by Bank Oct 1, 2019
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A&C Development Company Limited (“A&C Development” or the “Company”) is a privately held real estate development company based in Accra, Ghana. The company is the developer and owner of A&C Square Mall, a one-stop mall concept consisting of a shopping mall, a fuel station, fitness centre, building, a pool area, two multi-purpose business plazas and a children’s playground. IFC’s invested in 2012 in A&C Development under project # 31433 A&C Mixed Use to support the Company's second phase expansion program of A&S Square Mall, that included the construction of a 3-storey office block and refurbishment of the existing retail mall – publicly disclosed ESRS for this project is available at: https://disclosures.ifc.org/#/projectDetail/ESRS/31433 The Company is seeking a US$3.0 million senior loan to support the development of A&C Corner Mall (‘A&C Corner’ or the ‘Project’), the company’s second shopping mall project, approximately 1km from A&C Corner. The two floor A&C corner will house, 4,011 square meters (“sqm”) of lettable space, and an underground parking space. The mall will operate on 100% off-grid solar photovoltaic system.
Contact Person: Andrew Asamoah
Company Name: A&C Development Company Limited,
Address: A&C Square 14 Jungle Road, Christian Center, East Legon, Accra.
P.O. Box 17506Accra, Ghana
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