GIFT Real Estate: Real estate developments in eastern Addis Ababa
70% of the land acquired by GIFT Real Estate in eastern Addis Ababa is already developped.
GIFT Real Estate is one of the companies belonging to the GIFT Group of companies. “First of all, I would like to tell you we have the GIFT Group of companies. There are four companies and the first one is coming now. We are in real estate, construction, manufacturing and trading,” explains Gebreyesus Igata, Owner and General Manager of GIFT Real Estate Company.
GIFT Real Estate was established 9 years ago. “We acquired 160,000 square meters of land from the government and we signed a 99 year lease on that land. We have three projects in the eastern part of Addis Ababa. It is about 10 or 12 kilometers away from the center. We have three different projects: we are developing villa houses, townhouses, and different types of apartment houses,” says Igata.