Mercon Developments Company signs a management and operation contract of Pavo Tower and G7 with EFS MISR, Invest- Gate reports.

Ahmed Embaby, vice-chairman of Mercom Developments, states that this contracting comes due to the company’s keenness to sign strategic partnerships with prominent brands in all fields to enhance the investment value of the company’s projects.

“Pavo Tower” is an administrative commercial project located in Central Business District (CBD), covering 4,000 sqm, and consists of 14 floors. The first and the second floors are allocated for commercial activity, while the remaining floors are allocated for administrative activity. In addition, commercial unit spaces start from 25 m, while administrative unit spaces start from 30 m.

ِAdditionally, the project features some services such as social lounge, meeting rooms, conference rooms, central air conditioning, entertainment hall, fitness centres, places for people with special needs, and a rooftop.

For his part, Mohamed Amer, chief commercial officer, clarifies that the company is currently studying the launch of its third project in the New Administrative Capital (NAC), pointing out that the company aims to contribute to the implementation of the state plans in developing new cities and providing a distinguished real estate product.

Moreover, he remarks that the project will be delivered after four years. Besides, the company also offers a number of different instalment systems of up to 10% down payment and payment periods of up to 15 years.