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Addis Ababa, Ethiopia – Access Realestate, led by founder Ermias Amelega, has officially announced the resumption of construction and finishing activities at the Nyala Motor site. The project, which has been on hold for several years, includes eight blocks, each featuring a seven-floor plan.
In his statement, Ermias Amelega highlighted the role of the city administration in expediting the project’s restart, particularly due to the corridor project’s facilitation. This support has allowed Access Realestate to accelerate the construction process, which had been delayed for a significant period.
Of the eight blocks at the Nyala Motor site, five are nearing the exterior finishing stage, expected to be completed within two months. These blocks are projected to be fully completed within the next five months. The remaining three blocks will take up to nine months to finish.
Ermias also announced that 300 houses would be handed over at the Nyala Motors site. He urged 145 owners to complete the outstanding payments promptly to facilitate the handover process. The initial price for these apartments was set at 900,000 birr.
Addressing the status of other ongoing projects, Ermias noted that there is positive progress in collaboration with the city administration to reclaim banked site lands. Access Realestate plans to initiate construction on these remaining 18 sites by November, aiming to continue its commitment to delivering quality housing solutions in the region.
