Zemen Bank HQ

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Zemen’s HQ to stand tall in financial district .

Saturday, 10 December 2011 06:04 By DAWIT TAYE Hits: 55 .


Zemen Bank announced that it is finalizing the process of receiving a plot to erect its HQ building at Sengatera area, a place which is becoming the city’s financial village. The building is planned to be the tallest in the area.

The HQ is going to be erected in front of Addis Ababa University School of Commerce, the Bank announced on Thursday at the official launching of the building’s design.

99 percent of the process of acquiring the 2,304-square meter plot of land is finalized, Ermias Eshetu, the bank’s Deputy Marketing President announced.

From the 18 companies that participated in the auction four months ago, Jedo Consulting and engineering company won the auction to work on the design of the building. Roha consulting and engineering was the runner up and Architect Dawit Getachew was in third place.

If the building is going to be constructed according to the 30-storey design the winning company provided, the building is expected to be the tallest of the structures which are found and are planned to be built in the area.

Officials of the bank disclosed that though the building will be erected according to the design, some improvements may be made.
The winner of the design was awarded 120,000 birr while the runner up and the entrant which came in third were awarded 80,000 birr and 60,000 birr, respectively.

If the winning company is going to perform the consulting works of the building it will be paid additional money, it was learnt. The company has also participated in the design works of the headquarters of the Commercial Bank of Ethiopia’s (CBE) and Nib International Bank’s (NIB).

Hilawe Tadesse, the bank’s acting president, said that the construction of the building will take from two to three years after the land is secured from the city government. Officials of the bank, however, declined to reveal that the total cost of the building saying it is difficult to estimate at this stage.

http://www.thereporterethiopia.com/News/zemens-hq-to-stand-tall-in-financial-district.html

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