NCB Development launches VERITY project, the company’s first project in the NAC, with EGP 500 mn targeted sales, Invest-Gate reports.
Sherif Al-Ghazaly, CCO of NCB, indicates that the project is located on the main axis in Downtown, which is the western axis with a width of 70 sqm, links between the main axis of Bin Zayed, the government district, and the financial and business district, further it includes headquarters for international pharmaceutical companies. VERITY features a ground floor and 12 commercial medical administrative floors, on an area of 3,632 sqm.
Moreover, VERITY’s first phase has been launched and the second phase will be launched next month, followed by the third phase. It is expected to complete the project’s sales within six months. Al-Ghazaly points out that the project selling prices start from EGP 18,900 per administrative meter with a payment system of up to 10 years, as a special offer during the booking period. Additionally, the company has completed the sales of units in the first phase.
CEO of NCB Ahmed Mahdy points out that the company contracts with the major engineering and operation companies for the project, like Arcrete Engineering Consultancy Company, as well as Brain to Fact Management and Operation Company to provide all the operational data for the project.