Capriole Group announces that it has finished 40% of the LINX Complex project’s construction work in the New Administrative Capital (NAC) and plans to deliver the project’s units to its clients before the scheduled date by the end of 2023, Invest-Gate reports.
The company aims to offer commercial and administrative services to the frequent visitors to the NAC.
Mohamed Mofeed, Chairperson of Capriole Group, says that the company was the first to implement the presidential directives concerning constructing 30% of the projects before making marketing campaigns for them. He further adds that the company looks forward to being one of the first companies that deliver service buildings in the NAC.
Mofeed explains that the company seeks to finish the rest of the construction work of the project, asserting that the project’s execution rates are higher than that new phases announced for selling.
He further declares that the company has started to advertise for the second phase of LINX Complex, explaining that clients could pay 10% of the unit’s price and installments for ten years. Moreover, he indicates offering discounts starting from 5%.
Meanwhile, Mofeed states that the company will reset its units pricing by the beginning of 2022, as units’ prices rise is expected due to the rise of construction materials prices and building workers fares.
LINX Complex project spans over 7,635 sqm in the commercial district MU23, where it is located between R2 and R3 districts. The project location is close to the embassies neighborhood and the Central Business District (CBD).
The project is a commercial, administrative and medical complex. It comprises 12 stories including two basements. 51 commercial units are placed in the ground and first floors, while 280 medical and administrative units are placed between the second and the ninth floors.
The building area is 22,500 sqm, while the basement and garage areas are 15,200 m. The administrative unit areas are starting from 48 sqm to ,2300 sqm, while the commercial unit areas start from 27 sqm and the medical clinics’ areas begin from 54 sqm. All the units will be delivered fully finished with ACs installed.
