Overview
LEDing Hostels Ghana Limited (LEDing Hostels) is an affiliate of LEDing Ghana Limited established purposely to construct and operate student hostel facilities The flagship Green Hostel project of LEDing Hostels will be constructed for the University of Cape Coast and later replicated in the other public Universities across the country.
The University of Cape Coast has signed an offtake agreement (Guarantee of Occupancy) with LEDing Hostels for an 18,000 bed capacity hostel in the heart of the university’s main campus, to ease the accommodation challenges that the school faces every year. The Government of Ghana’s flagship Free Senior High School program which runs on a double track system has seen an upsurge in the number of students seeking admission. An estimated increase of 100% student admissions is expected during the 2020/2021 academic year. This high number will further compound the accommodation problems of the Universities. The LEDing Hostel is therefore a timely intervention.
The construction of the Hostel will begin in 2020 in phases with a scheduled completion timeline of two years. A 30 acre land situated in the heart of the University has been secured by LEDing Hostels for this project. The hostel will comprise of Accommodation Units, Commercial wing, Recreational Park, 30 bed Hospital and other On-Site Services. The Hostel will be powered by a 2MW mini solar grid.
The company also has a big pool of EPC contractors who are willing to provide performance guarantees for the construction of the Hostel. LEDing Hostels has secured the services of the internationally acclaimed South African facility management company, BROLL. Broll Property Group is Africa’s leading commercial property services company and is present in about fifteen (15) countries in African, including Ghana. In Ghana, Broll manages most of the iconic buildings including the major shopping malls.
The University of Cape Coast with a student population of over 35,000 presents a viable commercial opportunity for the Hostel business. LEDing Hostels has the mandate of the University to provide an on-site Hostel facility to close the gap in the accommodation deficit currently faced by the University. Government of Ghana’s flagship free senior high school program, with its double-track enrollment, will further compound the accommodation challenge of most of the tertiary institutions in Ghana, including UCC. Therefore, the LEDing Hostel facility is a timely intervention.
LEDing Hostels has already secured a 30 acre land in the heart of the University’s campus for the construction of the Hostel Facility. The Hostel upon completion will be allocated to students on a priority needs basis. LEDing Hostels has signed a demand guarantee with the university. This will ensure full occupancy by students for 35 years under a BOT (Build, Operate, and Transfer) agreement
