Finance

Derou & Partners will build an “environmental city” in Togo to promote the access to home ownership

Wednesday, 14 October 2015 06:19

Derou & Partners Group, a Togolese firm specialised in architecture, city planning, engineering and real estate, announced in a press release published on 12th October having started, through its subsidiary Confortis International, the construction of a new 3rd generation town in Lomé in order to make home ownership accessible to the middle class.

Christened “WellCity”, this town “will enable the Togolese middle class to purchase environmental conscious and quality housing, at an affordable price and with repayment terms sustainable in the long term”, the CEO of Confortis, architect Dontou Hiloukou Derou, announced.

Located in the Grand Lomé suburbs, this “town of wellbeing” will offer, in its first phase, 500 accommodations (200 villas and 300 flats), then 1,000 accommodations with a water park, MICE hotel, a school, a clinic, a shopping centre and 10,000 m2 of office space as well as stores.

Yesterday, the modern world had industrial towns. Today, we have 2nd generations cities which are business cities (Dubai, Hong Kong, Singapore). Tomorrow, 3rd generation towns will be aiming towards wellbeing and environmentalism”, Mr. Hiloukou Derou, creator of the WellCity project, declared.

The main 3 points of WellCity are, according to its promoters, the land tenure security it offers, the standardisation of its housing with quality monitoring on building materials and finally, the possibility of benefitting from a credit facility with repayments spread over 15 years at subsidised rates.

The commissioning ceremony of the showroom of this real estate complex was particularly enhanced by the attendance of the Togolese minister of Planning, Habitat and Living Environment, Fiatuwo Kwadjo Sessenou and the General Secretary of the Office of the President, Patrick Date Tevi-Benissan.

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