Tsehay Real Estate Start Sales In October

By Dawit Endeshaw, Addis Fortune

Addis Ababa, Ethiopia – Tsehay Real Estate plc, the Chinese real estate company building 13 apartment buildings, will start selling units in October on one of the buildings which is now 70pc complete.

The company invited a number of potential buyers for a site visit to the CMC area on Thursday when it announced that it had so far spent 600 million Br on its project of 12-storey buildings. These buildings are on various stages of completion and will each be available for sale as they reach 70pc completion, according to Yijung Wang, Deputy General Manager of the company.

Tsehay has allocated about 2.5 billion Br to its project on the site with a total construction area of 30,000sqm.

Tsehay Real Estate plc. was established in 2012 by China Geology Corporation Overseas Construction Group (CGCOC) and Red Fox International Business Company, a company which constructed Koka Cement Factory back in 2008. The company contracted the construction of the buildings to Qian Tang Construction plc., which began work in September 2013.

Read more at: Addis Fortune