On 16th October 2009, Devtraco Limited will be the first Ghanaian real estate developer to receive the prestigious African Residential Property Award at the CNBC International Property Awards Gala to be held in London, UK. The award comes at a time when private real estate developers in Ghana are under immense pressure from the Ministry of Water Resources, Works and
Housing to get their act together and lift the image of the real estate sector in Ghana.
In an interview with Mrs. Gloria Buckman Yankson, Head of Corporate Affairs and Marketing for Devtraco Limited, she said: "Devtraco has been through a lot of change this year as we revive our brand and embark on our redefined
mission to provide the finest in real estate housing, products and execution in West Africa. 2009 is a really exciting year for us here at Devtraco and the addition of this International Property Award to our portfolio is a great achievement for us."
The CNBC International Property Awards, first set up in 1995, has been established as the premier program recognising and rewarding excellence in their field and their gala dinners have become essential dates on the property industry calendar worldwide. Their International Property Award has over the years quickly gained status as the most prestigious honour available to UK property companies and other property companies worldwide.
Mrs. Yankson added: "Ghana should expect much more from Devtraco. Our intention, going forward, is to lift the image of Ghanaian real estate
developers on the international property platform and develop a better relationship with our stakeholders both local and abroad. It is my hope that the Government will continue to support the real estate sector here in Ghana
and think about ways to help private developers like Devtraco assist in erasing the acute housing deficit we have in the country today."
Judges on the International Property Awards panel are well respected experts from different countries and from a range of complimentary backgrounds who volunteer their time to assist the selection and judging process. Over the
years sponsors for the awards ceremony have included big brand names like Jaguar, Mercedes Benz, Bentley, HSBC, The UK Daily Mail, New York Times, Sydney Morning Herald and CNBC Arabia.
Devtraco Limited won two prestigious awards at the Ghana Property Awards earlier this year.