El Baron Developments releases its latest project, Vigor, at the New Administrative Capital, with a total investment of EGP 650mn, Invest-Gate reports.

“Vigor project is a commercial and medical administrative building spanning over an area of 4,700 sqm. It comprises 11 floors; each is 1,138 sqm with a distinctive view of the main streets or the central park in the New Capital. The project will offer units of various sizes,” Chairman and Managing Director, Hazem Zarif is quoted as saying in a company press release on May 17.

Zarif further says that the contract is signed with the KAD Commercial Property. Furthermore, El Baron Developments has signed a cooperation protocol with Elsewedy Electric to provide cables needed to implement a strong infrastructure for the project. El Baron has also contracted with the engineering consultant Mohamed Talaat to design the project, the statement reads.

The company provides payment systems for up to 10 years. It aims to provide various payment systems to customers that allow a variety of options, Zarif adds. He further points out, “The project includes various areas matching with new and changing needs of the target customers and achieving a balance between the appropriate unit spaces and selling price that suits the target customers. Accordingly, the company adopts the slogan ‘value the present, secure the future”

Zarif stresses that the company plans to implement a distinguished project in the New Administrative Capital, based on its experience in real estate development that extends for 40 years, during which it has implemented about 135 diversified projects.