ADDIS ABABA | Sunshine's Mega Projects | $1.4billion | Proposed

[Tarrex]

[kosovania]

nice

[kang rey]

cool...

[Simfan34]

Originally Posted by Tarrex

Talk about lack of scale! (The apartments vs. the houses!)

[yosef]

lol, nice find Tarrex. looks good

[Simfan34]

Originally Posted by Tarrex

here's the G+15 Deluxe Appartments, Total 20 Buildings

They look like office buildings not residential buildings

This is where it's going to be? This will do wonders for the skyline!

[abesha]

Another view of the towers. Apparently they are exhibited at Hilton.

[enkelfam]

Marriott’s representatives scheduled to come to Addis next week

By Hayal Alemayehu

Sunshine Construction Plc has received a 4000sq.m. plot it requested a year ago from the Addis Ababa City Administration for a Marriott hotel project.

The company has almost finalized the construction work of what is projected to become a five-star executive apartment hotel project, Marriot Executive Apartment, built around Estifanos Church off Meskel Square.

The company has been negotiating with the management of Marriott to secure a franchise agreement for the hotel apartment it constructed. However, it was required to build a purpose built hotel with more than 250 rooms if it were to clinch the franchise agreement.

This forced the construction company to construct additional rooms which will help it to fulfill the basic requirement in order to secure the agreement.

The franchise agreement will involve the management of what will become the first Marriott apartment and courtyard hotels in Ethiopia to be built and owned by Sunshine Construction Plc.

If all goes according to plan, Marriot International will manage the five-star executive apartment hotel and the four-star hotel resort, Courtyard Marriot, to be built on the 4000sq.m. plot.

“In order to manage a hotel under its brand, Marriott requires that the hotel should, at least, have 250 rooms,” Samuel Tafesse, managing director of the company told The Reporter. “It is mandatory that we launch the construction of the courtyard hotel. The hotel apartment has 110 rooms while the courtyard will have 160.

“We had earlier on signed an initial agreement with Marriott and the construction of what will become the first Marriott Executive Hotel Apartment will be in accordance with the agreement,” Samuel said.

The final agreement between the two parties is expected to take place this year.

According to Samuel, the overall interior design of the executive hotel apartment was undertaken by Marriott International, for which Sunshine paid USD 50,000.

Sunshine Construction PIC will invest over 250 million birr in the Marriot Executive Apartment when the project is completed while the investment layout for the Courtyard Marriott is projected to hit 200 million birr.

Representatives of Marriott International are scheduled to come to Addis Ababa next week to diseases the franchise agreement with Sunshine Construction PIC, according to Samuel.

Marriott International is a leading lodging company, according to information posted at its website. Its heritage can be traced to a root beer stand opened in Washington, D.C., in 1927 by J. Willard and Alice S. Marriott. Today, Marriott International has more than 3,200 lodging properties located in the United States and 66 other countries and territories.

http://www.ethiopianreporter.com/eng...ews&Itemid=511

[teklu]

source

Sunshine construction heats up
By Muluken Yewondwossen
Sunshine Real Estate, a partner of Sunshine Construction, will launch the construction of low cost apartments for middle income residents of the capital. The company officially inaugurated 210 Ground + One villas a week ago constructed at CMC area on Mere Luke site at the cost of 364 million birr.
Dangameyelw Girma, head of business development and public relations for Sunshine, told Capital that his company will construct 334 high level luxurious villas around CMC and that other luxury condos and middle income apartments will be built in new areas at Bole Beshale, Megenagna, Estifanos and CMC.
Until 2016 the real estate developer plans to construct about 5 billion birr worth of residential houses in different areas of the capital. According to the business development and public relations head, 14 middle class apartments will be constructed at CMC area at a cost of 1.2 billion birr. “The low cost apartments and villas will be erected on Bole Beshale site,” he added. Another 334 deluxe villas will be constructed on Mere Luke at Hill View project that worth about 2.2 billion birr.
The 26, Bole Beshale low cost apartments will be erected on 50,000 square meters at the cost of 220 million birr and the 89 villas will also be built on another 50,000 square meter area that will consume 140 million birr. The Bole Beshale project includes the construction of 75 middle class villas at the cost of 180 million birr on the area of 50,000 square meters.
The other new project is the Megenagna ten deluxe apartments that have 10 floors. The Megenagna project will be built on about 14,000 square meters at a cost of 500 million birr. Sunshine also plans to construct ten fifteen floor apartments around Estifanos area at cost of 750 million birr.
Two years ago the company transferred 151 villas from the houses built in CMC to buyers. last week they trasfered 59 villas, and rented a supermarket, gymnasium, swimming pool, clinic, and a football field.
The developer has spent about 36 million birr for the compound’s additional facilities.
Samuel Taffese, head and owner of Sunshine Construction said that his company constructed seven additional rooms to be used as offices for the compound residents association.
The company has also constructed and transferred over 711 luxury condo houses around Gerji, the project also has 27 shops and 15 luxury villas, and another 11 apartment buildings have erected on CMC areas.
In addition to residential home, Sunshine has also focused on road and hotel construction where it has registered strong performances. It inaugurated three asphalt road projects during the previous fiscal year for the Ethiopian Roads Authority.
Currently, several real estate developers are registered in Addis Ababa. Still, many have failed to meet their deadlines for transferring homes to customers.
Meanwhile the government has launched the construction of low cost houses all over the country and transferred tens of thousands condominium houses in six years. The capital’s housing demand continues to grow as demand outpaces supply.

[Simfan34]

So when will construction start on the highrises? And where did that map of the place go?

[unroyal]

Make it happen.

[Kata-2]

the project is done2008

[FKebede]

Originally Posted by Kata-2

the project is done2008

which project are you referring to Kata if you mean the one on the picture above,I don't even know if it started yet or even sunshine is serious about it

[lady gaga]

Damn! this thing is huge

[Adm.Adama]

Lovely towers kudos Ethiopia

[acreed79]

cool