Real Estate

Poli Lotus International Center, Ethiopia’s first urban complex

President Mulatu inspecting the new urban complex project (Photo: Teh Reporter)

Addis Ababa, Ethiopia – Poli Lotus International Center, the first urban complex project in Ethiopia developed by Chinese investment, was opened on Monday in Ethiopia’s capital Addis Ababa. The project executed by Tsehay Real Estate, which is co- invested by the China’s CGC Overseas Construction Group (CGCOC) and Chinese investor Qian Xiao, includes public and […]

CGCOC Group of China to enter real estate sector with a capital of 2 billion birr

Addis Ababa, Ethiopia - The Chinese construction giant CGC Overseas, in partnership with two other Chinese companies, has finalized a deal to join the upcoming real estate sector in Addis Ababa with an estimated capital of 2 billion birr, The Reporter has learnt. Together with CGC Overseas, Hansen, which owns a cement factory near Koka, and […]

Board Members Seek Government Support in Access Debacle

Representatives of the central homebuyer’s committee are determined that ARE will carry through with its construction promises. Addis Ababa, Ethiopia - Board members and representatives from the central homebuyers’ committee of Access Real Estate (ARE) have jointly selected ASGB Chartered Accountants to re-audit the 2012 financial statements of the troubled company, for close to 640,000 Br. […]