IllustrativeFelei Tech City Estates Development & Management Company, 130-Acre Master Development and Estate Management Concession
Sierra Leone · SouthernReal estate and urban development, digital infrastructure · Technology-oriented special economic zone, master development and estate management
A 130-acre greenfield technology-oriented special economic zone in Sierra Leone, planned as serviced land with enabling infrastructure and smart-city estate management. It targets tenants and sub-developers needing a regional operating base, but demand and anchor occupancy still need to be validated.
Rationale
Sierra Leone faces infrastructure gaps across urban development and digital connectivity¹. This project proposes 130 acres of serviced land and smart-city operations for business users, but market demand, pricing and connectivity still require independent validation before financial close.
- Scheme
- Tech-oriented special economic zone
- Site
- 130 acres serviced land
- Stage
- Greenfield
- Tenants
- Private firms and institutions
Investment opportunity
Transaction structure
Development and management rights over 130 acres are to be granted to an estates company under a master concession; full project capital is still to be raised.
Use of funds
Master planning, enabling infrastructure, power distribution and resilience, smart-city systems, estate management systems, and development preparation.
Revenue basis
Revenue is expected from tenants, sub-developers and concessionaires. No offtake, anchor tenant or occupancy agreements are in place yet.
The ask
Investors are asked to fund development and help validate demand, pricing, connectivity and anchor tenant interest.
Why it is bankable
The project is identified as a Sierra Leone government priority through MoCTI listing, though formal ministry documentation is still to be confirmed.
The plan covers 130 acres under a master concession structure with development and management rights intended for a dedicated estates company.
The scope includes smart metering, BIM asset records, digital twin integration and digital permitting aligned to the draft FTC Building Code.
The commercial model targets tenants, sub-developers and concessionaires rather than a single end-user segment.
Project readiness and timeline
- OriginationCurrent stage
- FeasibilityNo independent study
- StructuringConcession to confirm
- Financial closeCapital to raise
- Phase 1 operationsTo follow
Key risks and mitigants
independent demand studies, anchor tenant discussions and pricing benchmarks are still needed before close.
no offtake or anchor tenant agreements are in place; pre-leasing and concession agreements need to be secured.
legal form, registration, lender protections and subleasing remain to be confirmed by counsel.
Transaction terms
- Stage
- Greenfield development opportunity
- Capital sought
- USD 30 million indicated
- Capex basis
- Indicative estimate only
- Offtake
- No anchor contracts yet
Development impact
Jobs
Construction, estate management and tenant activity could support employment, but no quantified jobs case is yet provided.
Digital economy
The project is intended to support companies serving West Africa and digital-services markets.
Urban infrastructure
It would provide serviced land and enabling infrastructure in a market with wider infrastructure gaps¹.
Governance
Digital permitting and BIM-based asset records could strengthen estate administration and compliance.