Clubhouse Development Ltd, a joint venture between Osborne+Co and RMB Westport, have successfully delivered a new purpose-built West African headquarters for Standard Chartered Bank (SCB) in Accra, Ghana.
The 400,000 sq ft Standard Chartered Building – comprising eight floors of office space and retail set above five levels of carparking – has now been occupied by the bank following practical completion. Delivered as scheduled and within budget, the landmark scheme is anchored by SCB after it pre-let the top five floors of the building.
The state-of-the-art development has been delivered fully fitted to SCB’s exact design specifications and constructed to the bank’s Global Engineering Standards and Workplace Standards. The result is a highly efficient and agile workplace, designed to facilitate future changes in the way people work. The landmark project has a gross development value (GDV) of $100m.
Osborne+Co is the new global delivery vehicle for major property projects in The Middle East, Asia and Africa, India and Europe by the Osborne family and their global partners. Following Osborne+Co’s participation in a joint venture with RMB Wesport for the development of the Ghanaian scheme, this becomes the second large-scale SCB office project completed by Osborne and its partners: Osborne+Co was chosen as the developer in Accra following a successful partnership with SCB in Dubai, delivering the bank’s new 260,000 sq ft UAE headquarter ahead of schedule.
The completion of The Standard Chartered Building in Accra marks the third significant milestone in as many months for Osborne+Co and its partners. In August, the group’s Middle Eastern platform successfully completed and sold HSBC’s new 320,000 sq. ft headquarters in Dubai; this was followed by the appointment of Osborne+Co as development partner for Santander’s new UK technology hub in Milton Keynes.
Jim Osborne said: “Osborne+Co was selected as developer for this project along with our partner RMB Westport after a highly competitive process”
“Over the past four years, we have worked seamlessly with SCB’s global real estate team and with local leadership in Ghana. We are extremely proud of the end product, which is widely-acknowledged as the most efficient and high-spec building in West Africa”
As the real estate partner of choice to global corporations, Osborne+Co’s approach to design and construction puts tenant needs at the heart of the development to deliver world-class modern workspace. It is an occupier focused, build-to-suit developer with a global portfolio of £2.5bn, having delivered high-profile schemes such as Citigroup’s 1m sq ft global service centre in Manila.
Under its new, unified brand, Osborne+Co is targeting a global development pipeline with a gross development value (GDV) of £5bn over the next three years. It is embarking on an ambitious global growth drive, targeting new developments in Europe, the Middle East, India and South East Asia.
Within the UK, Osborne+Co is forging ahead with The Waterside, Belfast – a 1.7m sq. ft placemaking development, which will deliver a world-class waterfront locale for the city – after planning consent was granted for Phase 1, a £50m office building. In Glasgow, plans have been submitted for a landmark 283,000 sq. office on Argyle Street.