Project description
AWIP acquired the former headquarters of an international non-profit institution, strategically located at the Elton roundabout in Mermoz, one of Dakar’s most sought-after residential and corporate neighbourhoods. Completed in September 2025 through AWIP I, it is the largest deal completed by AWIP so far.
AWIP intends to deliver approximately 5,000 sqm of Grade-A mixed-use space across an R+6 configuration with a dedicated rooftop. The redeveloped building, AfricaWorks Teranga Mermoz, will be a one-of-a-kind product in Dakar, combining premium offices, an aparthotel and lifestyle amenities under a single roof, operated by AfricaWorks Senegal.
The programme combines approximately 150 workstations of premium office space (45% of GLA) catering to the growing demand for flexible, high-quality workspace; a 40-key aparthotel (50% of GLA) addressing the structural undersupply of quality medium-stay accommodation; and a signature rooftop F&B and MICE component (5%) with a bar, restaurant, lounge and swimming pool, a first of its kind in Dakar.
In September 2026, AWIP closed a CFA 1.4 billion senior bank financing from SUNU Bank Sénégal to fund the development. It is AWIP’s first bank financing in Senegal and the largest bank transaction completed by the platform to date.
The building will be delivered in phases, with first delivery expected in Q1 2027. AWIP targets a Gross Asset Value of USD 10 million by the end of 2027 upon stabilisation, and a target IRR above 25% for AWIP I’s investors.
Gallery
Main facade at sunset, render 
Street view, render 
Courtyard, render 
Lobby, render 
Workspace, render 
Site works 
Site works 
Site works 
Site works