By Hamed Mahmoud
W ASSETS, one of the shining stars in the real estate development field in Egypt, announced the launch of the second phase of the “Avalon” project in the financial district New Administrative Capital after the successful sale of the first phase of the project with a total area of 11,000 square metres, representing 33 per cent of the total sale area of the project as a whole. The second phase includes offices with Avalon park view.
Sherif Abdel Shafi, Chairman of Investwell, said that the company launched the Avalon Project in the New Capital’s Financial District in August 2020 as an administrative building located on a total area of 8,400 square metres with a total investment of LE1.4 billion and a total sales area of about 33,000 square metres.
He added that Avalon includes a distinct group of administrative units with various spaces starting from 70 metres, and 2 executive floors explaining that “Avalon” is considered the best project in the capital in terms of design, site selection, interior design and business amenities.
“The second phase of the project, which is currently being offered, includes administrative offices with an open view of the Avalon Park, a park on an area of 12,000 square metres, making it the largest in the Financial District that has corners for reading, entertainment and relaxation,” he said.
He added that the “Investwell” is the mind behind Avalon, as we completed the necessary market studies before implementing the “Avalon” project to meet needs of clients.
He pointed out that the company sought the assistance of “Distance Studio” company, specialised in designing administrative buildings, for developing a distinctive design for the project, making about 99 per cent of it overlooking distinctive external facades; hence distinct interfaces to all administrative offices in the project.
Chairman Abdel Shafi unveiled that the project includes distinguished services, most notably meeting rooms of various sizes, cafes, exhibition areas and serviced offices.