Mercon Developments CCO, Mohamed Amer, reveals that Pavo Tower sales have exceeded 70% since its launch and announces the launch of the company’s third project, Invest-Gate reports.

Amer points out that Pavo is the company’s second project in the Egyptian market after the G7 Mall project. G7 Mall is a project in the Fifth Settlement covering ​​​​22,000 sqm, with a front facade of 250 m. It is located next to the headquarters of the New Cairo Authority overlooking Northern 90th Street.

Additionally, Amer points out that the company has obtained licenses for the mall and completed the excavation work to start the construction work.

Moreover, Amer states that there is a great demand from customers to buy administrative and commercial units in the CBD and the Fifth Settlement, as one of the most profitable investment opportunities now.

Amer further adds that the company studies investment opportunities in the NAC in preparation for launching its third project early next year, after completing a detailed study of the project. The strategic plan for expansion set by the company is based on offering three diversified real estate projects with investments exceeding EGP 5 bn.

Pavo Tower is an administrative commercial project that spans over ​​4,000 sqm and is 14 floors high. The floors from the first to the third are allocated for commercial units, and from the fourth to the fourteenth are allocated for administrative units.

Additionally, the project features areas starting from 25 m for commercial units and 30 m for administrative units. This is in addition to some services such as a social lounge, meeting rooms, conference rooms, central air conditioning, entertainment hall, fitness centers, places for people with special needs, and a rooftop.

Furthermore, Amer announces that the company offers a number of different installment systems of up to 10% down payment and payment periods of up to 15 years, indicating that the project will be delivered after four years