Project: OBO Ethiopia Corporate Accommodation Tower

Location: Addis Ababa, Ethiopia

OBO Ethiopia Corporate Accommodation Tower is a co-development and equity partnership between US based Verdant Ventures and Gateway. This 112-unit, international standard, diplomatic residential tower is in the heart of Ethiopia’s capital city, Addis Ababa and is the first of its kind in a city that hosts over 130 diplomatic missions. Addis Ababa is the third largest diplomatic community in the world behind Washington DC and Brussels.

OBO Ethiopia Corporate Accommodation Tower provides high-quality, secure, and comfortable housing to diplomatic staff. The project and site selection has been driven by the needs of the US Embassy in Ethiopia.  Designed as a multi-tenant diplomatic community, the project is a design-build development and the delivery of a seismically engineered and secure project for the Embassy as key tenant, was a vital consideration.

The building conforms to US and other diplomatic agency structural and security requirements. The design and installation of all utilities meet International Building Code Health and Safety standards for apartment construction.

Building name OBO Ethiopia Corporate Accommodation Tower
Property description Diplomatic Residential Tower
Physical address Addis Ababa, Ethiopia
Site area 6,439 m2
GBA 18,215 m2 (excl. parking)
GLA 14,976 m²
Efficiency ratio 82%
No. of parking bays 147 parking spaces
Date constructed to be completed December 2020