Eagle Hills reveals Ethiopian development
La Gare to be one of the largest mixed-use developments in the country
Abu Dhabi-based Eagle Hills has ventured into the Ethiopian market with the launch of La Gare in downtown Addis Abiba.
The private real estate investment and development company has revealed plans for what will be one of the largest mixed-use developments in the country, offering more than 4,000 residences.
La Gare is a project of passion that will be developed on a land of heritage.
La Gare includes an integrated community comprising residential, commercial, hospitality, retail and leisure facilities in a single, secure and exclusive setting surrounding a park. The development spans an area of approximately 360,000m2 in proximity to the Addis Bole International Airport, with 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.”
Situated in the city centre, La Gare is anchored by four and five-star hotels supported by retail outlets, offices and residential buildings. The government of Ethiopia, in partnership with Eagle Hills, aims to 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.
Alabbar 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 a project of passion that will be developed on a land of heritage. It will be built upon the historical grounds of La Gare train station that has stood the test of time, and with our project, will live in people’s collective memories for even longer.”
Since its founding in 2014, Eagle Hills has realised an impressive growth plan that has seen it enter into agreements to support the redevelopment and reinvigoration of numerous cities in Africa, Eastern Europe and the Middle East.