AGEC Developments announces the launch of the first phase of the IVY Residence project located directly on Suez Road from the entrance to Shorouk City 2, Invest Gate reports.

IVY Residence is distinguished by its privileged location overlooking the iconic tower in New Administrative Capital, with easy access to the most vital areas. Besides, it is two minutes far from Suez Road, ten minutes from New Capital, and 15 minutes from Cairo Airport, Heliopolis, and Nasr City.

Chairman of AGEC Ayman Rafla states that the construction work of the project has reached 30%, which is in line with President Sisi’s directives to ensure the seriousness of real estate developers and preserve customers’ rights.

Additionally, Rafla notes that AGEC company has established many residential, administrative, and commercial units, indicating that the company is currently marketing the Paramount Business Complex project in Sheraton Heliopolis after completing 100% of the project constructions.

Paramount Business Complex is a commercial and administrative building, covering 20,000 sqm. It is designed according to the specifications of the U.S. Green Buildings Council (USGBC). Thus, it will be the only Class A administrative building in the Sheraton area, he discloses.

Moreover, Rafla reveals the company’s plan in the coming period to open new projects in different areas, including an administrative and commercial building in Fifth Settlement, New Cairo, in addition to completing the construction phase to reach the prescribed percentage before offering it to customers.