Akadia Developments to debut second project in New Capital’s CBD

Akadia Developments is preparing to launch its second project in Central Business District (CBD) at New Administrative Capital (NAC).

Chairperson of Akadia Developments Hana Raouf said that the success of the company’s first project in the NAC, Pagoda Business Complex, encouraged it to expand through debuting a second project, noted that the New Capital captures the interest of all customers in real estate market.

Raouf explained that the new project comprises administrative commercial units with various spaces and is located on an area of 3,000 sqm.

She pointed out that the company plans to be a prominent mark in the NAC’s CBD, added that the new project would encompass several brands that achieve integration and diversity within the project.

Furthermore, she explained that the company has a plan to develop a distinctive project in the CBD that meets the needs of target customers and through which it provides a business environment that helps in performing their tasks in an appropriate work environment. Besides, providing various spaces in commercial units to integrate activities within the project.

CEO of Akadia Developments Hanna Raouf stated that consultant office Yasser Al Beltagy Architects, one of the distinguished consulting offices operating in the market and the NAC, was contracted to be the engineering consultant for the project.

Hanna Raouf elaborated that Administrative Capital for Urban Development company supports investors operating in the NAC and deals flexibly in a way that supports the current plans of investors and encourages them to expand their investments in the city.

He added that local market needs more real estate products due to urban development that the state is currently implementing besides the inauguration of fourth generation cities where include many diverse investment opportunities that suit all investors, in addition to presence of strong demand in local market by all community segments.

Commercial and administrative units with high and guaranteed investment return enjoy great demand in the New Capital as it achieves a renewable return for client, he disclosed.