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31ST JULY 2018                      VOLUME 1, ISSUE 7                                  In This Issue

                                                                                        The Future of African
     GREDA NEWSLETTER
                                                                                        Property Markets:
       The Future of African Property Markets: Blockchain,                              Blockchain, Artificial
     Artificial Intelligence and Big Data                                               Intelligence and Big Data-
                                                                                        page1 & 3
      40
                                                                                        Land Acquisition and
     By: Emmanuel Buetey Noah Jr.          scene in ways we never would've              -page 1 & 4
     The Court of Appeal has declared Agri-Cattle                                       Registration in Ghana: The
      A new chapter just opened in your    imagined. That said, for this and
     Lakeside Estate Ltd the legal owner of the land                                    Legal Issues -page 2 & 4
     life - you just got married to the girl   the next series of articles, I will
     measuring 2911.53 acres and situate at Katamanso in
                                           highlight the recent disruptions in
     of your dreams, you have a baby girl                                               -    EVENT CORNER
                                           the Af
     the Greater Accra Region of Ghana. rican proptech scene as well
     on the way, and you’re looking for
                                           as the touch on a few of the most        Sales and Marketing Seminar
     your first dream home! At the click of
     In a unanimous decision, the court presided over by
     a button you're able to access a      exciting opportunities in the space!   In August there is going to be a sales
     Justice I. O. Tanko Amadu, held that the property
     mortgage facility online and then     Blockchain tech and housing            and marketing seminar which will be
     covered by Land Title Certificate No.0513 formed
     connect with your ideal property      It’s estimated the global market       targeted at the marketing
     part of Nungua Stool Lands.
     developer. Digital agreements are                                            department of GREDA members.
                                           size of the proptech investment
     created then executed online using    with reach $20bn by 2020. In order     Resource persons with deep and

     blockchain smart contracts, after-    to take advantage of the               practical experience in the Real
     The appeal was to contest a judgement of the High                            Estate Industry will be invited to
     which your project begins to take
                                           opportunity, real estate sector
     Court (Human Rights Division) Accra dated July 7,                            undertake this seminar to help
     shape as it's built by a team of 3D
                                           participants – land sector agencies
     printer robots. Sensors and Artificial   and financiers to property          participants gain practical tips to
     2016.
     Intelligence (AI) supervisors                                                close the sale of properties. We are
                                           developers – will need to
       coordinate activities, liaise with                                         encouraging members to REGISTER
                                           understand the latest in
     subcontractors, and monitor                                                  NOW to help the Secretariat to plan
                                           technological innovation. When it
     The court awarded a cost of GH¢25,000 against the
     construction up until the completion   comes to land, real-estate and        and execute a successful seminar.
     plaintiffs, Nii Dr Tetteh Kpobi Tsuru III of La Stool
     of your brand new home.
                                           financial transactions- trust is king.
     (La Mantse), SFA Limited and Fodas Estate Limited.
     At first thought this may seem a few  Without trust the system simply
       years away but the future of housing  falls apart.
     is with us today! Emerging            Enter into the world of blockchain
     Defendants’ land
     technologies such as AI, Big Data and
                                           based property transactions,
     Blockchain are taking the globe by
                                           where the very nature of its design
     storm and redefining the way we
                                           is trustless and decentralized. For
     transaction with one another.         the initiates, a blockchain is a
     The plaintiffs sued Agri-Cattle Lakeside Estate and
     Paperless non-brick and mortar
     others at the High Court and wanted a declaration for
                                           shared database of immutable,
     transactions are on the ride and a
                                           traceable and auditable
     the land covering about 49,420 acres, including the
     new breed of real-estate
     defendants’ land.                     transactions.
     entrepreneurs have begun to disrupt
                                           Continued on page 3
     the property technology (proptech)



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                          To advertise in the next edition
     The plaintiffs further, as part of their reliefs, asked the
                          please call 0208118492
     High Court to make an order directed at the Land
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