NCB Developments announces the launch of InnoView, its second project in the New Administrative Capital, with total investments of over EGP 750 mn, Invest-Gate reports.

NCB enters into agreements with Hafez Consultants, as an engineering consultant to the project; Brain 2 Fact for management and operation, and World Gym for management of the sporting floor at the mall.

Gerges Lawendy, Chairperson of NCB Developments, states that the second project stresses the success of the company’s first project, Verity Business Complex, which achieved 85% sales in no more than 3 months.

Ahmed Mahdi, CEO of NCB Developments, notes that InnoView is an administrative and shopping mall consisting of two linked towers including four underground floors, a ground floor, and 14 aboveground floors.

The ground floor and first three floors will be used for commercial purposes, while floors 4-14 will be used for administrative purposes, Mahdi adds.

Sherif Al-Ghazaly, Chief Commercial Officer of NCB Developments, says that the company aims to achieve EGP 350 mn in sales in the first phase of the project.

Sherif remarks that the project features installment plans of up to 15 years.