The Coffee Plaza building is situated in the bustling area of Casanchis, Kirkos Sub-City, Woreda 8, right at the intersection of two major avenues: Jomo Kenyatta (formerly known as Asmara Road) to the south and Guinea Conakry to the east. It is conveniently located next to the ENAT Bank Headquarters.
Coffee Plaza forms part of the prestigious Economic Commission for Africa (ECA) block, making it a highly coveted residential and business district in the heart of Addis Ababa.
The developer behind Coffee Plaza is Hailu Gebre Hiwot, a graduate of UC Berkeley (MA Econ.) and the distinguished owner of Haicof Limited Plc., a leading coffee exporting firm. Often referred to as “Aba Bunna” or the “father of coffee” due to his pivotal role in discovering Yirgacheffe coffee, Mr. Hailu has made significant contributions to the coffee industry over the past 60 years. Haicof Limited, the parent company of Coffee Plaza Real Estate, stands as a pioneer in Ethiopian coffee exports.
Hailu Gebre Hiwot is also the founder and executive director of KIMSSA, a charitable organization established in 1993 with a mission to support disadvantaged youth through educational and vocational training programs. Alongside his three sons—Eskinder, Asfaw, and Yitbark—Hailu brings a personal passion and unwavering commitment to bringing the Coffee Plaza building project to life.
Before investing your hard-earned money in an apartment at Coffee Plaza, it’s crucial to ensure that you’re in the hands of a reliable developer and that all legal requirements are fully met.
With these robust legal assurances in place, you can invest with confidence, knowing that Coffee Plaza is a secure and legitimate opportunity.
The name “Coffee Plaza Building” is a tribute to the discovery of Yirgacheffe Coffee, a top-quality, internationally acclaimed coffee brand, by Hailu Gebre Hiwot. It symbolizes the deep and enduring connection the family has with coffee, which is a proud emblem of Ethiopia’s rich heritage.
For the savvy investor, location is key. Coffee Plaza’s strategic proximity to the Economic Commission for Africa, key international offices, banks, luxury hotels, cozy restaurant and cafes significantly enhances its rental appeal. It’s no surprise that the demand for modern apartments in this neighborhood has always been robust, often with rents set in USD, ensuring a quicker investment payback period.
Coffee Plaza apartments also boast impressive resale value. The scarcity of land, particularly in the prestigious ECA area, combined with fluctuating costs of building materials and labor, has resulted in substantial capital gains for luxury properties in the vicinity. Investing in Coffee Plaza apartments offers a superior hedge against inflation, making it a lucrative income-generating asset and an exceptional inheritance property.
As a valued member of the diaspora, we understand your unique needs and have arranged attractive mortgage banking terms with Abyssinia Bank. These favorable terms are available for both diaspora and non-diaspora buyers, ensuring flexible and accessible financing options for your investment in Coffee Plaza.
We are pleased to offer a range of apartments in various sizes to meet your needs. We warmly invite you to visit our building to experience firsthand the exceptional quality of construction and the breathtaking views from our apartments. During your visit, our team will be delighted to discuss favorable terms tailored to your specific requirements.