Experienced real estate executive takes the helm at WestPark Enterprises 

Paulo Cruz has joined WestPark Enterprises as its President this month to lead the operations and growth of BlackIvy’s 405-acre industrial & business park in Takoradi. 

Paulo brings over 20 years of commercial real estate experience to the WestPark. He most recently led NAI Global’s Sub-Saharan Africa office as their CEO and, prior to leading that office, he managed BP’s real estate assets in Angola, including commercial, industrial and residential facilities. 

Paulo started his career in Europe at Cushman & Wakefield and Royal HaskoningDHV. He holds a BSc in Construction & Real Estate Management from Delft University of Technology and a Post Doctorate from the Lisbon School of Economics and Management in Real Estate Management & Valuation. A member of the Royal Institute of Chartered Surveyors, Paulo has lived and worked the last eleven years in Sub-Saharan Africa. 

The WestPark is a 405-acre commercial, industrial and residential development strategically located in the Western Region of Ghana. The mixed-use development eliminates many of the challenges – including access to reliable power, water, transport and telecommunications – that often confront companies in Sub-Saharan Africa while providing modern and reliable infrastructure for its tenants. 

The WestPark offers custom-built warehouses, factories, offices, and retail space in conjunction with business development services that ease businesses’ entry into one of the world’s fastest-growing markets. 

The WestPark is one of several endeavors by BlackIvy, an American company that builds and grows enterprises in East and West Africa.

Africa’s largest bank comes to the WestPark in Takoradi

Stanbic Bank Ghana is delighted to announce its tenancy at the WestPark in Takoradi. Stanbic, a member of the Standard Bank Group – Africa’s largest bank by assets – will offer the full range of corporate, business and personal banking solutions to tenants and their employees at the WestPark and to others in the Western and Central regions. These solutions include transactional accounts in local and foreign currencies, corporate and personal loans, trade finance, payment solutions and foreign exchange management. The new branch is scheduled to open mid-2019.

Alhassan Andani, Stanbic’s Chief Executive, observed that: “the Western Region is seeing tremendous growth, not just in the oil and gas, mining and power sectors, but also in agricultural processing and manufacturing. WestPark will help accelerate this growth by building a modern platform for businesses to efficiently operate, manufacture and distribute goods in West Africa. At Stanbic, we look forward to offering our services and solutions to companies in this dynamic region and to being a reliable partner as they expand and capture new markets”.

Ghana’s Western Region is rich in gold, bauxite, manganese, cocoa, citrus fruits, shea nuts, coconut, oil palm and fisheries.  It is home to the country’s growing oil & gas sector, its largest concentration of thermal power generation, an expanding natural gas supply and Ghana’s main export port. Traffic at the Port of Takoradi grew by 33% last year to 8 million tons. With competitive gas, power and water supply, a large workforce connected by new urban transport systems, special tax incentives for manufacturers and strong links to regional markets, the Western Region offers companies opportunity to lower costs and expand production.

The WestPark is a 405-acre commercial, industrial and residential development in a strategic location. The mixed-use development eliminates challenges – including access to reliable power, water, transport and telecommunications – that often confront companies in Sub-Saharan Africa and provides modern and reliable infrastructure to its tenants. The WestPark offers custom-built warehouses, factories, offices, and retail space to its tenants in conjunction with business development services that ease their entry into one of the world’s fastest-growing markets.

The WestPark is one of several developments by BlackIvy, an American company building and growing enterprises in East and West Africa.

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Benefits of expanding production in the Western Region

With competitive costs of production, proximity to abundant natural resources and a strategic location, the Western Region offers compelling benefits for companies seeking to expand their processing and manufacturing operations.

The region is rich in gold, bauxite, manganese, cocoa, citrus fruits, shea nuts, coconut, oil palm and fisheries.  It is home to Ghana’s growing oil & gas sector, the largest concentration of thermal power generation, expanding natural gas supply and Ghana’s main export port. The Takoradi port grew 33% last year to 8 million tons.

For businesses looking to enter this fast-growing region, the WestPark is building modern factories, warehouses, offices, residential and retail spaces and offers hands-on business development support. The WestPark is building a platform to raise the standards for businesses to operate, manufacture and distribute goods in West Africa.

With a large nearby workforce, new urban transport systems, lower corporate taxes for manufacturers, reduced electricity rates, abundant fresh water supply and strong links to regional markets, tenants at the WestPark Free Zone can lower costs and expand production.

International airport planned close to the WestPark

Ghana’s Ministry of Aviation announced plans to develop a new international airport to serve the growing Western and Central Regions. The Ministry identified land in the Shama District, where the WestPark industrial & business park is located. The airport will serve the major cities of Sekondi-Takoradi and Cape Coast and offer improved connections to business travelers and tourists. The Minister of Aviation, Hon. Cecilia Dapaah, visited the site earlier this year together with Deputy Minister Hon. Kwabena Okyere Darko-Mensah and other senior officials.

For businesses looking to enter this fast-growing region, the WestPark is building modern factories, warehouses, offices, residential and retail spaces and offers hands-on business development support. With competitive costs of production, proximity to abundant natural resources and a strategic location, the WestPark is seeking to raise the standards for businesses to operate, manufacture and distribute goods in West Africa.

New Commuter Trains in Takoradi

The WestPark team had opportunity to visit Takoradi’s Suburban Railway and speak to commuters who rely on the train to get to work in the greater metropolitan area. At the WestPark, we are looking to offer frequent bus shuttles to allow for a seamless commute from the nearby train station to the WestPark industrial and business park.

For businesses seeking to grow their footprint in the market, the WestPark offers attractive leasing rates for offices, retail, warehouses, distribution centers and factory shells combined with hands-on business development support.

33% Growth: Takoradi among the fastest-growing ports globally

Seaborne cargo at the Port of Takoradi grew 33% in 2017 to 8 million tons, making Takoradi one of the world’s fastest-growing ports, ahead of Barcelona, Europe’s fastest-growing port. Takoradi also remains Ghana’s main export port, handling over 70% of Ghana’s exports, including manganese, bauxite, timber, cocoa, rubber, coconut, palm & kennel shell. Transit trade more than doubled last year with Ghana’s neighbors increasingly leveraging Takoradi’s upgraded  facilities. Growth was strong across categories, including bulk, containers, liquid bulk and general cargo. With major expansion works underway, Takoradi’s growth is poised to continue.

For businesses looking to enter Ghana, the WestPark in Takoradi is building modern factories, warehouses, offices, residential and retail spaces and offers hands-on business development support. With competitive costs of production, proximity to abundant natural resources and a strategic location, we’re seeking to raise the standards for businesses to operate, manufacture and distribute goods in West Africa.

Bosch executes lease at the WestPark

Flagship solutions hub for Takoradi

  • Experience centre of competence
  • Solutions centre encompassing training and repairs

Bosch Ghana executed a lease for the new flagship Bosch House at the WestPark in Takoradi, Ghana. Bosch is the first multinational company to take space at the WestPark. The custom-built “Bosch House” will be home to seven of Bosch’s world-leading divisions, namely Power Tools, Packaging Technology, Thermotechnology, Automotive Aftermarket, Security Technology, Home Appliances, and Drive & Control Technologies.

The official opening of the “Bosch House” is scheduled for mid-2019, which will showcase Bosch’s range of products and solutions with a customer experience centre. Bosch will also offer after sales service and training to deepen the expertise of local artisans, installers and mechanics in the market.

Dr. Markus Thill, President Region Africa for Bosch, noted that: “The flagship Bosch House at the WestPark reflects not just our commitment to the fast-growing Takoradi market, but to Ghana and West Africa as a whole, where we see significant potential to add value with the technologies Bosch can offer to consumers and businesses.  The “Bosch House” will serve Ghana and our growing presence in Cote d’Ivoire”.

WestPark is a 405-acre commercial, industrial and residential development, forming part of one of several developments by BlackIvy, an American company building and growing enterprises in East and West Africa. The WestPark offers companies the platform to produce goods and do business more easily with West Africa’s growing markets.  Featuring a mix of industrial, commercial and residential zones, the WestPark eliminates challenges – including access to reliable power, water and transport – that often confront companies in sub-Sahara Africa. The WestPark offers custom-built warehouses, factories, offices, and retail space alongside business development services to ease the entry into one of the world’s fastest-growing markets.

Bosch is continuously increasing its footprint in Africa

Bosch has been present in Africa since 1906, at present in ten African countries: South Africa, Egypt, Morocco, Kenya, Angola, Mozambique, Algeria, Nigeria, Ghana and Tunisia. Depending on future business development, the company plans to increase this number in the next years. All four Bosch business sectors – Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology – have operations on the continent. In 2017, Bosch generated sales of nearly 460 million euros according to preliminary figures. The company employs some 800 associates in Africa. 

Corporate social responsibility in Africa

Bosch actively promotes talented young people in sub-Saharan Africa. In 2008, it was one of the initiators of Afrika kommt!, an initiative of German industry for junior managers from sub-Saharan Africa. Since 2008, Bosch has been part of a group of some 20 companies who offer scholarships to African junior executives so that they can spend a year in Germany completing a professional training programme. Since then more than 58 young African have been selected for the programme. The goal of the programme is to foster mutual exchange and learning between budding African executives and German companies.

www.afrika-kommt.de 

The fourth industrial revolution provides the platform for an evolving education system to prepare the youth today to face the challenges of tomorrow, where in 2015 Bosch in South Africa has invested in an outreach robotics program ensuring the opportunity to children from various backgrounds to study Robotics. http://www.dspretoria.co.za/

The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into
four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected industry. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to create solutions for a connected life, and to improve quality of life worldwide
with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs 62,500 associates in research and development.

Additional information is available online at www.bosch.com, iot.bosch.com,
www.bosch-press.com, twitter.com/BoschPresse.

Access Two of the World’s Fastest-Growing Markets

Access two of the world’s five fastest-growing markets, Ghana and Côte d’Ivoire, from our WestPark industrial & business park in Takoradi. At a projected 8.3% economic growth, according to recent World Bank projections, Ghana will be the fastest-growing economy globally this year, with Côte d’Ivoire not far behind at 7.2%. Ghana’s stock market is also beating the world with a 19% gain in dollar terms in January, according to Bloomberg.

At the WestPark, we offer custom-built warehouses, factories, offices and retail space alongside business development services. Our packages are designed to ease the entry into this fast-paced region.

Ribbon Cutting: Bosch at The WestPark – Open for Business

During the official groundbreaking event for the WestPark, Bosch Power Tools, part of Robert Bosch Ghana, a leading global supplier of technology and services, cut the ribbon to the Bosch Power Box at the WestPark.

Bosch’s Power Tool division is committed to empowering its users, including electricians, carpenters, welders and plumbers, with locally relevant solutions. Bosch seeks to train thousands of artisans at the WestPark, contributing to the quality and efficiency of workmanship in Ghana’s booming construction industry through onsite training at construction sites, strong after-sales service with quick repairs throughout the country and Bosch’s unique solutions box – offering artisans the right tools and guidance for the job at hand.

The ribbon was formally cut by Nana Kwamina Wienu II, the Chief of Yabiw and Benjamin Ofori, the Director for Bosch Power Tools, West & Central Africa. The Hon. Minister of Trade & Industry, executives from Robert Bosch GmbH, including Dr. Markus Thill, President Region Africa, and members of the Yabiw community, witnessed the occasion alongside representatives from over 20 global companies.

Bosch and three other preeminent German companies, DHL, Grohe and Knauf, along with American company DTRT and Stanbic Bank Ghana, have joined BlackIvy in the Takoradi Industrial Partnership, a consortium of companies committed to collaborating and leveraging their strengths to help build West Africa’s next industrial hub in Takoradi.

The Takoradi Industrial Partnership is poised to accelerate the transformation of Takoradi, Ghana’s third-largest city, which has benefitted from recent multi-billion-dollar investments in gas, power, port and rail infrastructure.  With its diverse consortium of industrial companies committed to the West African market, the Partnership is creating jobs, introducing world-leading technology and adding value to Ghana’s indigenous resources.

Collectively, the Partnership seeks to invest to build a commercial cluster big enough to attract a local supply chain and foster value addition.

 

Press Release: Ground-breaking on New Industrial Park in Ghana – A Platform for Growth in West Africa

BlackIvy, an American company that builds and grows enterprises in East and West Africa, broke ground today on The WestPark, a 405-acre industrial business park in Takoradi, Ghana. The event, which featured remarks by Ghana’s Hon. Minister of Trade & Industry, Alan Kyerematen, was attended by representatives from over 20 international companies, including several Global Fortune 100 companies.

The WestPark offers companies the platform to produce goods in Ghana and do business more easily with West Africa’s growing markets.  Featuring a mix of industrial, commercial and residential zones, the WestPark eliminates many of the challenges – including access to reliable power, water and transport – that often confront companies in Sub-Saharan Africa. Ghana’s stability, strong economic outlook and excellent links to regional and global capitals make it a gateway to West Africa.

Ghana’s President, His Excellency Nana Addo Dankwa Akufo-Addo, said in a statement on the occasion of the ground-breaking:

“Building vibrant industrial clusters like the WestPark that attract global market leaders like Bosch, Knauf and Grohe and offer the operating environment for successful Ghanaian and international companies is what emerging economies in Africa need to thrive and diversify.

I expect the WestPark to accelerate the industrial transformation of Takoradi. This metropolitan area has already benefitted from large, multi-billion-dollar investments in gas, power, port and rail infrastructure.  It is home to Ghana’s main port for exports and the gateway to a region rich in agricultural and mining resources. And with the expansion of the port, the rehabilitation of the rail line and the increase in available natural gas, Takoradi now offers the infrastructure to process and add value to these and other indigenous assets.

We invite other investors to take advantage of this industrial platform and what Ghana has to offer as a gateway to West Africa.  My government and the citizens of this region look forward to championing and participating in this growth.”

Four of Germany’s preeminent companies, Bosch, DHL, Grohe and Knauf, along with American company DTRT and Stanbic Bank Ghana, have joined BlackIvy in the Takoradi Industrial Partnership (see backgrounder), a consortium of companies committed to collaborating and leveraging their strengths to help build West Africa’s next industrial hub in Takoradi.

Companies seeking to learn more about Ghana and the WestPark and connect can do so at westparkghana.com.