W ASSETS announce the launch of the second phase of the Avalon project in the New Administrative Capital (NAC) under the management and marketing of Investwell, after the successful sale of the first phase of the project with a total area of 11,000sqm, Invest-Gate reports.
“The company launched the Avalon project in the New Administrative Capital – Financial District in August 2020, on a total area of 8,400 sqm with a total investment of EGP 1.4bn,” Sherif Abdel Shafi, chairman of Investwell, is quoted as saying in a company press release on March 8.
He further adds that the second phase of the project includes administrative offices with a view of the Avalon Park, which extends over an area of 12,000 sqm of green spaces. The park is the largest in the financial district and has areas for reading, entertainment, and relaxation.
“Investwell has completed the necessary market studies before implementing the Avalon project in the capital to understand the needs of clients, especially in light of the strong competition in the financial district,” he highlights.
He elaborates that the studies included the preferred spaces for the target customers, the best services, and buildings sustainability. Moreover, he says that the project includes distinguished services, such as meeting rooms, cafes, exhibition areas, serviced offices, and spaces start from 70 meters in the building.
He also notes that the units are semi-finished to allow customers to choose the type that suits their needs.
Furthermore, the chairman of Investwell emphasizes that the entire building includes for the first time executive offices to ensure luxury for customers and multinational companies with the highest rental value for offices and privacy for customers on the ground floor.