Perennial Holdings, a Singapore-based real estate and healthcare company, has renewed its commitment to investing in Ghana with plans to redevelop the site of the former Shangri-La Hotel in Accra into a world-class mixed-use complex.

At a ceremony in Singapore, the company’s CEO, Pua Seck Guan, officially submitted a Letter of Intent to Ghana’s Minister of Foreign Affairs, Samuel Okudzeto Ablakwa.

The document reaffirms Perennial’s interest in advancing high-quality, international-standard developments in Ghana.

Mr. Pua recalled that in 2015, the company had outlined plans to redevelop the Shangri-La property but was forced to stall the project due to various constraints.

He said the renewed drive is inspired by President John Dramani Mahama’s recent visit to Singapore, Ghana’s ongoing economic reforms, and encouragement from the CEO of the Ghana Investment Promotion Centre (GIPC),  Yoofi Grant.

The upcoming project, dubbed the Accra International Integrated Redevelopment, is estimated at over US$200 million. It will feature a 4–5 star hotel, a convention centre, residential units, office spaces, and a retail complex.

“The vision is to create a vibrant, integrated hub that combines hospitality, business, and leisure to position Accra as a competitive destination in the sub-region,” Mr. Pua said.

Perennial Holdings, which owns the land that previously hosted the Shangri-La Hotel, says the project will not only restore the iconic site but also contribute significantly to Ghana’s investment and tourism landscape.