Mercon Developments delivers PAVO in NAC soon and is studying investment opportunities in the New Administrative Capital (NAC) in a move to launch its third project by the end of 2021, Invest-Gate reports.
Mohamed Amer, head of the commercial sector of the company, states that the company will launch the project once done with the detailed study, in accordance with the company’s strategic expansion plan that offers three diversified real estate projects with total investments exceeding EGP 5 bn. Amer adds that the company is in the process of accommodating clients of PAVO Tower, located in the Central Business District (CBD) district in NAC, in less than a month since the project was launched.
The 14-storey building includes 250 offices and stores with units averaging from 25 sqm for commercial units to 30 sqm for administrative units.
Amer points out that the company offers different payment systems of up to 10% down payment and payment period of up to 15 years, indicating that the project will be delivered after four years.