Most Read

  • Zara's latest store concept is coming to Cape Town
    Fashion retailer Zara is currently refurbishing and enlarging its flagship store at Victoria Wharf Shopping Centre in Cape Town in order to make it the brand's newest concept store in South Africa, offering a fully integrated experience with
  • The Radio Awards 2021 finalists
    The Radio Awards honours outstanding achievements across Campus, Community, Public Broadcast, and Commercial radio, setting benchmarks for all stations and professionals to strive towards. Finalists for the general categories have been announced.
  • Pick n Pay's exclusive lease agreements coming to an end
    Supermarkets that are privately-owned and controlled by historically disadvantaged persons (HDP) can immediately access letting space in all shopping centres where a Pick n Pay store has exclusivity provisions in its lease agreement.
Show more


More...Submit news
Advertise on Bizcommunity

Subscribe to industry newsletters

Confortis launches affordable housing hub Wellcity.O2

Confortis International Group launched the display housing developments of the second Wellcity.O2 hub in the new town with the aim to help middle-class Africans buy "an environmentally friendly and quality home at a competitive price: A revolution with affordable homes starting at 7,000,000 CFA francs, approximately 10,000 euros," in the words of company's CEO, architect Dontou H. Dérou - embodying the theme for World Habitat Day 2017, namely Housing Policies: Affordable Homes.

(Source: Derou & Partners)

Wellcity.O2 offers an assortment of solidly built single-story homes: bay windows, ceramic tiling, solid industrial doors and plumbing of excellent quality, with seven different interior types: F2, F2+, F3, F3+, F4, F4+ and F5. Two to five rooms of 50m² to 130m² with progressive options including gardens and garage spaces for one or two vehicles.

Located in the suburbs of Grand Lomé, some 30 minutes north of the city-centre on National Motorway no.1, this New Town offers 1,000 homes (500 single-story houses, 200 duplexes and 300 apartments), equipped with a water park, MICE hotel, school, healthcare clinic and shops.

(Source: Derou & Partners)

Partially financed by the Corisbank International Group, Wellcity offers three essential assets depending on the promoters: security of the location, standardised homes with quality building materials and, finally, long-term bank loans for fifteen to twenty years at subsidised rates with local banks Corisbank International, Ecobank, Orabank, Boa, Banque Atlantique and BIA, a subsidiary of the Attijariwafa banking group.

“Wellcity was designed to facilitate access to property for the middle class,” assured the group's CEO.



Let's do Biz