Investment in Rwanda’s real estate and construction industry has grown by 250% from $100 million to $351 million, during 2003 to 2008. This investment opportunity to construct an office building with retail space is among the real estate investments worth $3.5 billion that the Rwanda Development Board is promoting.
Location: Central Business District – Nyarugenge
Available land: 2.5 acres
Project
description: Modern, class A office building with a plinth area of 10,000 square metres on 10 floors, divided into 80 units of 125 square meteres – 8 on each floor. The bottom three floors are to be used for upscale retail space.
Cost of project: US$16,138,964
Equity Investment required: US$8,459,555
Sale price: US$18 million
Projected rental yield: 12%
Capitalization period: 10 years
Incentives
Incentives include a 5% flat rate, 40-50% investment allowance, corporate tax reduction in employment and exports.
Investment insurance: Available through the Africa Trade Insurance Agency and Overseas Private Investment corporation.
For more on incentives available to investors and further information on this
opportunity contact the Rwanda Development Board.
Key contact: Christine Akuzwe
Investor Mobilizer Officer
Email: info@rwandainvest.com
www.rwandainvest.com
