Radar | Jan 23,2021
KEFITA is an exclusive residential apartment building being developed by prime German real estate developer ROCKSTONE Real Estate. A best-in-class example for a residential development balancing western standards with Ethiopian authenticity catering to serve the needs of discerning international and local residents. In addition to housing 105 apartments and 151 parking, the building features an amenities floor fully dedicated to entertainment and recreational facilities, embodying the main living hub of KEFITA exclusively for its residents and their guests.
KEFITA is located around the Signal area in Addis Abeba, Ethiopia. The residential building is located in proximity to the beautiful and green Mount Yeka (North-East), the Bole International Airport (South-East) and Addis Central Business District (South-West), all within 15-20min driving distance. You can easily recognize the apartment building, coming off Embassy Row, home to embassies such as Great Britain, Belgium, Russia and Kenya, through its characteristic façade which is inspired by Ethiopian fabrics and will reach 70m height.
In January 2021, a ceremony commemorated the signing of a 1+ billion Ethiopian Birr contract signing with the general contractor. Subsequently, in April 2021, the construction started after the customary mobilization phase. Meanwhile, the construction and its sales are on track to be completed in 2023, the building is currently reaching the 6th floor with a height of 20+m.
Mr Dietrich E. Rogge, CEO & Founder of ROCKSTONE, commented:
“From the very beginning, our entire design process has been driven towards green-conscious living. We integrated specific measures that include using local materials as much as possible, minimizing electricity consumption, collecting rainwater and managing waste. We are the first Ethiopian residential building in the process of obtaining the green building certification EDGE. KEFITA stands for the future of Addis Ababa. We are honoured and delighted that KEFITA was awarded this title which will encourage us to remain committed in our effort for shaping a green Addis.”
The International Property Awards nominated and awarded KEFITA as “Best Sustainable Residential Development in 2021 in Africa” recognising the excellence and meticulous work performed by ROCKSTONE to combine local heritage and an avant-garde design, considering the prime location and its surroundings to allow an environmentally conscious design and using low-impact materials in the construction as well as including innovative energy- and waste-efficient systems.
The UK based International Property Awards announced the winner at an event held in London on the 25th of February, 2022. The award makes KEFITA the first building in Ethiopia to make to win “Best in Africa” regional category.
Earlier in October, KEFITA had already been awarded the five-star nation-wide ‘Best High-Rise Residential Development’ and ‘Best Sustainable Residential Development’ categories for Ethiopia in 2021.
ROCKSTONE Real Estate is a German-based full-service real estate developer and investment manager with offices in Germany, Spain, Portugal, Kenya and Ethiopia. Rockstone has carefully chosen Addis Abeba (Ethiopia) as its first African office, due to the international importance of the city and the country for Africa and the world. The local office foremost focuses on high-end residential and commercial real estate projects, with a typical project size of $25-75 million, in prime CBD or residential areas, providing professional services, modern designs and sustainable construction qualities. Currently developing projects worth $650+ million, Rockstone Real Estate combines real estate know-how, own principal capital and active real estate management.
About The International Property Awards
The International Property Awards is one of the world’s most renowned real estate awards where top country winners vie to be recognised as ‘Best in World’. It celebrates the highest levels of achievement by companies operating in all sectors of the property and real estate industry. The application process is rigorous and requires a thoughtful presentation that answers numerous questions on the category that the applicant is entering. KEFITA’s application highlighted features like floor plans, elevations, MEP plans, materials, operations, renderings and in-depth descriptions of every element of the project that make KEFITA sustainable.
The inaugural International Property Awards were presented in 1993 and covered 10 different residential categories. Since then, the programme has grown substantially and now covers over 45 categories in the areas of development, interior design, architecture, and real estate.
The International Property Awards rank among the most prestigious commendations in the residential and commercial property industries, and the award winner’s logo is recognised as a symbol of excellence throughout the global industry.
PUBLISHED ON Mar 28,2022 [ VOL 22 , NO 1144]
Radar | Jan 23,2021
Fortune News | Jan 23,2021
Editorial | Dec 19,2021
Radar | Mar 27,2021
Fortune News | Nov 29,2020
July 2 , 2022 . By RUTH TAYE
On a rainy afternoon last week, a coffee processing facility in the capital's Akaki-Qality District was abuzz with activ...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
The pandemic, armed conflicts and natural disasters have again brought the importance...
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...
When the country’s most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or tw...
July 2 , 2022
After nearly two years since the civil war broke out in northern Ethiopia, adversarie...
June 25 , 2022
It is not the best of times to be in charge of governance in Ethiopia, whether at the...
June 18 , 2022
Some of Ethiopia's economic policymakers may take solace from realising that inflatio...
June 11 , 2022
The stereotype many people have of parliamentarians is as clueless seat fillers who exist to rubber stamp legislative bi...
PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize
May 6 , 2019
A couple of years ago, I was having a conversation with a friend and mentor who has...
The advertising industry in Ethiopia has come a long way. They are not only getting better and more creat...
Or see contact page