Black Star Property Holdings

Your pre-eminent real estate developer and investor in Sub-Saharan Africa

Company Background

Founded in 2008, initially as a real estate management company, Black Star has since grown to include products in Real Estate Investment and Property Development with 3 game-changing projects planned over the next 5 years. A 156 key business hotel, a 4,000m² office building with a prestigious insurance company as an anchor tenant and further investment into the Red House residential brand. The total size of the 3-project pipeline is 16,500 square meters.

Black Star believes that our developments present opportunities for transformation – culturally, conceptually and economically. Our desire is to craft an aspirational Ghanaian brand, in prime locations and create spaces that uniquely cater to the communities we serve.

Previous and Current Tenants


Ghana’s biggest online market.

Bouygues Batiment International

Leading European construction company with presence on every continent.

Conti International

Conti, a 110 year old infrastructure development company with a $600 million contract to construct Accra’s drainage system.

Why we win

Black Star’s competitive advantage is our team’s wide range of property development and project investment expertise. Our team of professionals have a combined experience of over 30 years in the Ghanaian, South African and United Kingdom real estate industry.

We always draw on experienced architects, engineers and contractors to deliver our projects.

Finally, we have incredibly strong relationships and a working history with all of the appropriate authorizing departments.

Board of Directors

L. Kwesi Mate


Kwesi Mate is a real estate entrepreneur with over 10 years experience in real estate development & investment. He is the founder of Black Star Property Holdings. Black Star or “BSP Holdings” initially started as a real estate brokerage firm. Under Kwesi Mate’s leadership, the company has grown and delivered a total value of $12.5 million in real-estate developments and investments as of 2017.

Kwesi’s first property investment was in 2011 and began with a $5,000 loan from his Mother. That investment has generated total gross earnings of over $350,000 to date. His education started at the Ridge Church School in Accra Ghana, after which he gained admission to Ghana’s top boys’ Senior Secondary School, Mfansipim School. He then attended the University of Ghana from 2002-2005 where he studied Economics and Geography.

Kwesi’s vision for BSP Holdings is to grow the business beyond the shores of Ghana and into the biggest property holding company on the continent.

Michael Dsane-Selby

Non-Executive Director

Michael is a Vice President within the Fixed Asset Management and Insurance Services (FAMIS) division of Duff & Phelps based in Abu Dhabi, where he serves the entire MENA region.

He has experience in the valuation of real estate, machinery and equipment across a number of industries including utilities, aerospace, food and beverage, manufacturing, oil and gas, petrochemicals, pharmaceuticals and transportation.

Michael has provided valuations for insurance, allocation of purchase price, financial reporting and taxation purposes. He is also the Relationship Manager and a part Valuation team for the Abu Dhabi National Oil Company (ADNOC). Lastly, Michael is a seasoned professional with over 10 years experience valuing tangible assets including machinery and business assets.

Elorm Addae-Nuku

Non-Executive Director

Elorm holds a Masters degree in Finance and an MBA in Strategy from the University of Rochester, New York and a Bachelors degree in Economics from the University of Ghana. Elorm is a Certified Treasury Professional (CTP).

Elorm has worked as a Vice President and Client Manager at Bank of America Merrill Lynch in Washington, DC where he managed a portfolio of large private and mid-cap public companies.

Prior to this, Elorm was a Commercial Finance Manager at General Electric, where he was responsible for structuring and executing financing for global locomotive transactions across GE’s transportation business. Before that, he was a Senior Relationship Officer at Ecobank Ghana Limited.

We are inspired by the best of breed architects and creators that clearly communicate an understanding of functional design and address a global yet local African identity. Our buildings co-exist organically by absorbing the energy and purpose providing a heterogeneous yet synergised environment.


156 Room Business Hotel

The property is a 3-star business hotel with competitive room rates and is unlike any other hotel in Accra. With 80% of foreign visitors coming to Accra for business, we are perfectly positioned to target and cater to the needs of the diverse business traveller.

We deliver a stellar guest experience and have positioned our property as a solution for both short and long stay experiences for the professional seeking value.

4,000m² Office Building

Black Star has acquired a property in Ring Way Estates, which currently has one of Ghana’s top insurance companies as a tenant.

We are in negotiations to redevelop the existing property to a 4,000m² office building, with the insurance company as an anchor tenant.

Our emphasis on socio-economic growth and sustainability, form and function, struggle and liberation, the ability to turn constraints into compelling narratives, are critical themes at Black Star Property Holdings.


Red House Residential

In 2016, the Red House Residential brand was launched. Under this initiative, we seek to offer a compelling combination of tasteful architecture, extreme attention to detail, livable spaces and value for money property investments. This development will increase to 24 houses over the next 5 years.

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Beaufort Ridge Apartments

Black Star has also invested in residential projects in the prime areas of Labone and North Ridge.

The most notable investment is the Beaufort Ridge Apartments in Accra. This development has 61 apartments ranging from 1-3 bedroom apartments.

Our Approach


We acquire undervalued properties/lands in prime areas with income producing potential. We also invest in projects we believe in.


We create value by combining our unique market knowledge and our incredible professional build team to convert potential to amazing buildings. 


We are long-term Real Estate holders who create passive income for our shareholders and investors.



HFC Bank (Ghana) Limited, a subsidiary of Republic Bank Limited of Trinidad & Tobago, is a leading Universal Banking Institution in Ghana and arguably the most diversified Financial Institution. As a one-stop Financial Institution, their services include: Corporate, Commercial and Retail Banking; Investment Banking; Mortgage Banking and Micro Finance.

Home Finance Company Bank has been instrumental in the development of the mortgage industry in Ghana and continues to be the number one home loan provider in the country.


Stanbic Bank is a division of Standard Bank, a member of the Standard Bank Group.

Stanbic Bank entered the Ghanian market 10 years ago and has earned a well-deserved reputation as a customer oriented, business-friendly and socially relevant bank.

Stanbic Bank has received multiple awards from the Ghana Investment Promotion Centre for “Top Performing Business”, “Best Financial Institution” and the “Best Bank in Ghana” and also joined the league of first-tier banks in Ghana in 2009.

Contact Us

3 Senchi Loop Airport Residential Area.
P.O. Box CT9843, Cantonments, Accra, Ghana
+233 303 964770
601 International House, 223 Regent Street,
Mayfair, London, W1B 2QD, UK