- Elevation Residences is Verdant’s first project – a 112 unit diplomatic spec residential tower in the heart of Ethiopia’s capital city, Addis Ababa. It is located in a city that is host to over 130 diplomatic missions, and when completed this project will be the only security and international construction standard compliant housing development available for consular level staff in Ethiopia. It is led by Verdant’s in-house real estate development and investment team and a highly reputable and experienced co-development and equity partner, Mauritius-based Gateway Delta Development Holdings (http://gatewaydelta.com/).
- The project and site selection has been driven by the needs of the US Embassy in Ethiopia, one of Verdant’s key tenant relationships. Designed as a multi-tenant diplomatic community, the project is a design-build development – the ability of Verdant to design and deliver a seismically engineered and secure project for the Embassy as key tenant, is a key to success.