Standard Chartered Bank
200,000 ft2 GFA
The Standard Chartered Tower Project in Accra was created as a result of a uniquely successful collaboration between the Bank and GRDI, which mirrored the hugely successful experience of delivering
the Standard Chartered Tower in Dubai.
Based on this experience in Dubai, GRDI was invited to participate in the RFP process for selecting a developer to deliver a new Head Office building in Accra.
The RFP content was greatly informed by the successful experiencein Dubai with GRDI. The RFP featured the building in Dubai’s floor plate and the tender documents requested the building be
delivered fully fitted, as per the Dubai building.
In 2014, GRDI was selected as preferred developer.
The Agreement for Lease is based on GRDI delivering to all of Standard Chartered’s Global Engineering Standards and Workplace standards.
The Agreement is predicated on Standard Chartered havingfull participation and final right of approval overall design and specification.
The agreement is based on Standard Chartered having zero capital spend or contribution with the exception of active equipment and artwork.
The building will be the first arms-length, fully fitted development deal in Sub-Saharan Africa, with the exception of South Africa.
It will also be the first instance in West Africa of a global bank working with a developer to deliver a fully fitted building on a pre-let basis for a single rental figure.
900,000 ft2 BUA
GRDI & partners successfully delivered a building that will accommodate 7,500 desks occupied on ‘per desk’ fully fitted and fully serviced basis, including all FF&E and FM services by ISS.
LOCATIONAL, TECHNICAL AND COMMERCIAL ACHIEVEMENT
A high quality, central CBD site Risk free title & planning process to guarantee agreed delivery dates A site with significant adjacent amenity World class branding and profile opportunity
An ideally located building from a headcount and connectivity perspective
The proposed building will meet or exceed all Citi’s global internal engineering, base build and fit out standards
A fully fitted building that from a fit-out perspective will far exceed their internal standards for a back-office operation building, whilst delivering at very
A highly efficient building, reducing overall occupancy cost
A highly resilient building to significantly reduce business continuity andconcentration risk
A sustainable building that will reducerunning costs over the long term
Significant occupancy cost savings compared with the status quo or the traditional lease and fit out model
Significant efficiency by combining fully fitted delivery with responsibility for FM
Long term cost predictability
Grade A, CBD building at rental levels far below what would typically be found in
Maximum lease term flexibility & guaranteed renewal options Flexibility between leasing and purchase,
with guaranteed buy out options throughout development and occupation