Eagle Hills ventures into Ethiopia with mixed-use project, La Gare
November 26, 2018 – La Gare will be a 360,000 sqm mixed-use scheme in Addis Ababa
Abu Dhabi-based property developer, Eagle Hills has entered the Ethiopian market by announcing La Gare, a 360,000 sqm mixed-use project in Addis Ababa.
The project is expected to be one of the largest-mixed use developments in Ethiopia offering more than 4000 residences and is named after the city’s former railway station that took passengers from Addis Ababa to Djibouti.
As per the company statement, La Gare will be an integrated community of residential, hospitality, retail and leisure facilities merged around the setting of a park. The development is situated next to the Addis Bole International Airport and has a rail-line running along its northern edge.
Commenting on the expansion, Mohamed Alabbar, chairman of Eagle Hills, said: “As one of Africa’s hidden gems, Ethiopia is rich in history, culture and natural beauty. Our vision is to bring attention to such locations across the globe, revealing the charm and potential within them and inviting future residents and tourists to consider making new homes for themselves there.”
He added: “In addition to creating a brand-new skyline and city centre, La Gare is set to contribute to the local market by creating jobs, further bolstering market sentiment and energizing the economy.”
La Gare is anchored by four and five-star hotels supported by retail outlets, offices and residential buildings. Retail outlets open into courtyards which are shaded and landscaped in an individual manner, giving identity and distinction within the retail area itself, the statement said. They are also focused on being pedestrian-friendly.
La Gare is also offering offices and leasehold commercial property which will have amenities like retail and F&B outlets and a green plaza. The residential towers and office buildings will be ‘symmetrically arranged around a central arrival driveway which forms the main arrival boulevard.’
The government of Ethiopia, in partnership with Eagle Hills, will develop a social housing component within the masterplan, where residential units will be built to permanently accommodate the existing residents currently living in the project site, the press-release also mentioned.