The Mercon Developments Real Estate Company is studying investment opportunities in the New Administrative Capital in preparation for launching its third project by the end of this year, said Mohamed Amer, head of the commercial sector at the company.
The project comes within the framework of the company expansion plan, based on the launch of three diversified real estate projects with investments exceeding LE5 billion.
In press statements, Amer pointed out that the company is in the process of accommodating clients of the “Pavo Tower” project, the company’s second project in the Egyptian market, and which is located in the central business district of the NAC.
The accommodation is being finalized in less than a month from the launch of the project, due to the great demand from customers on units, which are distinguished with distinctive designs, services and a very unique location with a panoramic view of the iconic tower, the tallest tower in Africa, he said, pointing out that the project is minutes away from the Regional Ring Road and close to the most prestigious neighborhoods of the New Capital.
Consists of administrative and commercial units only, the 14-floor height building reflects the company’s vision in providing a number of distinguished and multi-service real estate projects, he said, pointing out that the project is on an area of 4,000 square meters.
The first and second floors are commercial units with spaces starting from 25 meters, and the rest are administrative units with spaces starting from 30 meters, Amer also said.
He added that an agreement will be concluded with major companies to manage the Pavo Tower in a bid to maintain the investment value of all units and maximize the profits of investors in the project.
