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Old August 3rd, 2019, 09:01 PM   #1
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AFRICAN UNION, Addis Ababa | Residential| By Crau Real Estate Group | Proposed

AFRICAN UNION RESIDENTIAL

Quote:
Next to the African Union building, our residential development will have four towers of 32 heights, being one of the highest housing developments in the country. Our design and high architectural quality will be reinforced with the great city location. The four towers will have very good access to the main roads.

Square meters on the slope: 204.800 sqmt.
Square meters below grade: 48.000 sqmt.
Blocks: 4.
Execution Cost: € 336,000,000
Lead time: 40 months.
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Old August 3rd, 2019, 09:02 PM   #2
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Old August 4th, 2019, 03:06 PM   #3
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Is this a local firm?
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Old August 4th, 2019, 07:36 PM   #4
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International
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Old August 5th, 2019, 04:54 PM   #5
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These seem like those እንቁልልጮ projects the government used to trot out every so often to make it look like they're doing something. The combined projects for this company exceed 2 billion Euros in capital layout. I'll believe it when I see it.
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Old August 6th, 2019, 08:09 PM   #6
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Is this the same Crau?

Quote:
Another massive gold exploration license is expected to be given to European and Australian partnered companies in an exploration area in southern Ethiopia’s popular gold belt.
Crau Mining, which is under Crau Group, a Madrid based company with a branch in Addis Ababa, and the Australian mining firm Megado which formed a partnership to mine for gold at Adola belt has concluded a pre feasibility study before the application for the exploration license around Shakiso, according to Pablo Artinano, President of Crau, which has been working in other businesses in Ethiopia for the last half decade and wants to expand into real estate and industry.[...]
https://www.capitalethiopia.com/feat...outh-for-gold/
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Old August 6th, 2019, 08:10 PM   #7
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Their website seems a little flaky ... kinda light in content

http://craugroup.com/
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Old August 6th, 2019, 09:26 PM   #8
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They have no known, not even one completed project anywhere in the world. At best they are a startup. They are presenting themselves otherwise inflating who they are. Just leaves the wrong impression and I don't think it adds any value to the project.
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Old August 7th, 2019, 01:17 AM   #9
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Anyway, Addis Ababa development is speeding up. If the current pace of new projects continues, Addis Ababa will soon need a very new public transportation system, including an extension of the light rail network.
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