Broll Ghana Sees Retail Space Doubling
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Broll Ghana Ltd., the West African nation’s largest property manager, said developers will more than double the amount of retail space available in the capital within two years, pushing down prices as companies from Shoprite Holdings Ltd. to Edcon Holdings (Pty) Ltd. open stores.
The company, a unit of Johannesburg-based Broll Property Group, will seek to manage about 70 percent of the 100,000 square meters (1.1 million square feet) that will be built, Eric Abu, a portfolio executive, said in an interview on Nov. 21 in Accra, the capital. There are 93,000 square meters of retail space in the capital, he said.