Akadia Developments to launch the final phase of Pagoda Business Complex at the New Administrative Capital (NAC) on an area of 1,100 sqm, Invest-Gate reports.
Chairperson of Akadia Developments Hana Raouf points out, “The project’s target sales amounted to EGP 500 mn,” indicating that the company has succeeded in recording EGP 380 mn in sales since the project launch last March. Besides, the company plans to sell out the last phase of the mall within two months given the project’s uniqueness and distinctive payment systems offered.
Pagoda Business Complex is a medical administrative commercial mall in the downtown area which covers an area of 2,144 sqm, and comprises ground and 10 floors. The complex is located in a privileged place in NAC, with a direct view of the gold market and the monorail, only three minutes from the Green River in front of the People’s Square and next to the financial and business district.
The last phase of the project consists of two floors, one of which is a service center dedicated “to serve entrepreneurs and create a suitable business environment for clients equipped with meeting office and other competitive advantages of the project,” she adds.
Pagoda Business Complex, now, features new elements in cooperation with distinguished brands in field of franchising. Consequently, cooperation has been made with Turpicana, owner of the largest brands Chili’s, Studio Misr, Carinos, Halket El Samak and Coffeeccino. Additionally, the company has contracted with Just Fit, a sport commercial brand that is located for the first time in NAC.
Raouf adds, “The company has begun excavation on the project since June, and constructions will start strongly by the end of August.” The project is scheduled to be delivered by the end of 2023. CAP (Concept for Architecture and Planning) founded by Hassan El Zamly will assume the role of engineering consultant for the project.
Moreover, the company has acquired the project land plot in January, adding that selection is underway between the three largest companies to manage and operate the mall, which comes as part of the company’s plan to maintain the mall’s quality to preserve the company’s investments and customers.
Besides, Raouf mentions that Akadia develops its project based on its experience in the contracting sector, as the company has implemented various projects in Fifth Settlement, New Cairo, Heliopolis, and Nasr City. Additionally, the company has directed its investments to the real estate development in NAC to cope with the state’s plan.