MAQAM Misr Developments announces launching its new project, 5 East Tower, in the Downtown area at NAC, with EGP 670 mn investments, Invest-Gate reports.

Al-Saeed Shaaban, chairman of MAQAM Misr, says that the 5 East Tower project spans over 3,585 sqm and overlooks the main axis with a width of 75 meters and an open garden with an area of 28,000 sqm.

The ground floor includes commercial units and restaurants, and the first floor includes a food court area. Meanwhile, floors from the second to the eighth will be allocated for administrative units, and from the ninth to the twelfth floor will be elite administrative units for the first time in the NAC.

Shaaban points out that the administrative units start from 36 sqm and commercial units start from 22 sqm. Additionally, MAQAM Misr offers payment methods starting from 0% down payment and installment period up to nine years.

Moreover, MAQAM Misr has assigned Yasser Al Beltagy Architects (YBA) to be an engineering consultant for the project and the Emirati company Eltizam Group to manage and operate the project.

“The client who invests in the 5 East Tower guarantees the success of his investments from the first day of the contract. Also, the project is located in a distinguished place and developed by a number of specialists in different sectors, in addition to the company’s previous work in constructing unique projects in the local real estate market,” Shaaban highlights.

Shaaban reveals that the company plans to develop a residential and medical project in the NAC, stressing that the company plans to be world-class in developing ideal investment opportunities and providing innovative real estate solutions to the local and global market.

Alike, Yasser Al Beltagy, founder and chairman of the YBA, says that the YBA office will be an engineering consultant for the 5 East Tower project, which is one of the promising projects in which distinction has been taken into account in all its details.