Access Capital raised initial capital of 35 million ETB in 2008. Today, ARE has become the largest real‐estate development company in Ethiopia. Since its inception in 2009, ARE has been acquiring land in the most desirable locations in the Capital city of Addis Ababa for residential and commercial real estate development. ARE builds and sells mixed buildings (residential, retail and commercial offices). To date, the Company has acquired approximately 35 sites in prime location within Addis Ababa and vicinity building an approximately 4000 residential/retail mixed use properties. ARE has grown tremendously from its beginning in just over three years to becoming the Nation’s largest homebuilder with approximately 60% market share.
Access Capital continues to expand it capabilities in local market, constantly investing in innovative products and platforms that enable our clients to grow. We also advise on leveraged financing to companies to help them achieve objectives such as making an acquisition, effecting a buy-out, repurchasing shares or funding a one-time dividend or investment.
Today, Access is advising Access Real Estate on secondary financing by creating innovative financial product, securitizing pool of receivables—the first financial product of its kind in Ethiopia—worth $30 million USD.
You will have your apartment delivered to you with one year guaranteed!!! or your money back with 15% interest, or we pay you 5,000 birr per month for each month delay.
The following research has recently been released by Access Capital: (Research documents are downloadable PDF files)