Mayor Launches First Phase of 4000-Unit Development by Gift Real Estate

Gift Real Estate has partnered with Addis Ababa's city administration to develop 4,000 housing units in the Le Gare area, with Mayor Adanech Abiebie inaugurating construction on April 27. The initial phase features multi-story buildings reaching 14 to 22 floors. The 4 billion Birr project includes 3,550 residential apartments and 450 commercial spaces, with the city administration receiving 30 percent of completed units to address housing shortages.