By our staff reporter

Eagle Hills has announced that the La Gare project, consisting of a 30,000 square meter apartment and shopping mall complex, will be fully completed and handed over to the owners by 2026.

The Ethiopian government will have a 27 percent share in the project’s resources, and efforts are underway to finalize the integrated housing construction in the La Gare area of Addis Ababa.

Senior government officials, including Prime Minister Abiy Ahmed, have stated that this project, which commenced in November 2018, will be finished within a timeframe of 5 to 7 years.

The development, undertaken in partnership between Eagle Hills, an Abu Dhabi-based company, and the Addis Ababa City Administration, has required an investment of 50 billion birr.

Eagle Hills, renowned for its real estate development expertise, has also announced the launch of La Gare Mall Residences. The construction of all four buildings will be carried out in collaboration with China Communication Construction Company Limited (CCCC).

The much-anticipated launch event for La Gare Mall Residences is scheduled to take place from January 10-12, 2024, at the Hyatt Regency in Addis Ababa.

This project encompasses a vast 30,000 square meters of distinctive retail space within La Gare Mall, providing an unparalleled shopping experience for both residents and visitors. The commercial hub offers an array of indoor and outdoor dining options and contemporary designs to cater to various preferences.

In addition, La Gare Mall Residences serves as a new commercial center for the city, featuring luxury apartments, malls, food and beverage establishments, green parks, and close proximity to four- and five-star hotels.

La Gare Mall Residence represents a blend of luxury and convenience in the heart of the city. The residential aspect of La Gare Mall comprises four magnificent towers spanning an impressive 75,000 square meters.

More than 4,000 residential apartments are expected to be built within the new development, which will help alleviate the city’s housing shortage. The entire construction process for this project is estimated to take 5 to 7 years, with the first mall in the complex set to be completed within three years.

The project is envisioned to include three modern 4- and 5-star hotels, residential apartments, commercial and entertainment areas, as well as a vast and contemporary shopping center.