The Poli Lotus International Center Project is the first urban complex in Ethiopia designed and developed by Tsehay Real Estate Plc, (the first Chinese real estate company in the country).
The $150 million development which was executed in collaboration with China’s CGC Overseas Construction Group (CGCOC) and Chinese investor Qian Xiao, sits on about 40000sqm of land in the Ayat CMC area of eastern Addis Ababa . It features thirteen (13) 12-storey residential apartment buildings housing over 640 apartments on 30,000 sqm and public buildings ranging from a hotel, premium office space, supermarkets, banks, a shopping center and pedestrian commercial street.
The Poli Lotus International center is intended to be a model of change for the living environment in the country.
“This project, which is being undertaken and labelled as Poli Lotus International Center, is one of the most successful urban developments to bring efficient building construction technology and knowhow, thereby facilitating the smooth transfer of construction technology to Ethiopia,…The size and quality of this investment, made by Chinese company, reflects the long-standing excellent bilateral relations between Ethiopia and China ”
Ethiopian President Mulatu Teshome
“The project will bring new concept, new experience to people’s lives in the city because you can do everything here; you can go shopping, you can eat in restaurant, you can live in apartment comfortably,”