Gift Real Estate invites bids for the lease of commercial spaces in its Bole building, Addis Ababa.

INVITATION TO BID COMMERCIAL SPACE AND SHOPS

Commercial Space Lease | Ref. No: GR/RE/2018/001

Gift Real Estate invites eligible bidders to compete for the lease of prime ground-floor shops and open-plan commercial spaces in Our Bole building, Addis Ababa. These premium locations are ideal for luxury boutiques, showrooms, cafés, or restaurants.

1. Lease Terms & Selection

• Base Lease Price: ETB 2,200 per sqm/month (exclusive of VAT).
• Selection Criteria: The contract will be awarded based on the highest price offer and the longest advance payment period committed.
• Bid Security: Bidders must submit a Bid Security of ETB 100,000 in cash or CPO, payable to Gift Real Estate PLC.
• No Document Fee: There is no bid document to purchase. Interested parties should submit their proposals directly.

2. Eligibility Requirements

• Companies: Certificate of Incorporation, Valid Business License, and Tax Clearance.
• Individuals: Valid Identification (ID).

3. Submission & Opening

Proposals must be submitted in a sealed envelope marked with the Reference No. to the address below:

• Submission Period: Starts April 14, 2026, at 9:00 AM.
• Closing Deadline: May 4, 2026, at 4:00 PM.
• Bid Opening: May 5, 2026, at 10:30 AM (in the presence of bidders)..
• Location: Bole, Gift Real Estate HQ. 5th Floor, Gift Property Management Office.

Gift Real Estate PLC Bole, Addis Ababa 

Tel: +251 93 017 4112 /+251 98 906 8814

Giff Real Estate reserves the right to accept or reject any bid, or to annul the process at its discretion.

Tender details

• Deadline: 2026-05-04
• Publishing entity: Gift Real Estate P.L.C.
• Bid bond: 100,000.00 Birr
• Published: Apr 26, 2026