PLD Development has announced the launch of its new project, Q Mall, in West Cairo, spanning 4,000 sqm with a total investment of EGP 1.5 bn, Invest-Gate reports.
This strategic move aligns with the company’s vision to capitalize on exceptional investment opportunities in prime locations, offering clients avenues that ensure optimal returns on investment.
Mostafa Metwally, Chairman of PLD Development, highlighted the company’s diverse investment portfolio concentrated in West Cairo, an area noted for its comprehensive services and high demand across real estate ventures.
He emphasized PLD’s commitment to selecting premium locations and forming partnerships with successful collaborators to deliver innovative projects tailored to meet their clientele’s requirements.
Metwally detailed that Q Mall is strategically positioned on the main Wahat Road, opposite MSA University and adjacent to the Technology University in 6th of October City.
It enjoys close proximity to key landmarks, such as the O WEST project and Mall of Egypt. The project comprises two basements and four floors, with commercial use designated for the ground and first floors and administrative purposes for the second and third floors, offering units of varied sizes starting from 30 sqm.
Construction for the project is scheduled to commence next year, with an anticipated completion date in 2027. PLD is offering attractive payment plans, including a 0% down payment option and payment periods extending up to six years, along with competitive pricing for these premium projects.
Furthermore, the company has partnered with DCI+, a reputable engineering consultant firm renowned for its extensive expertise and successful project history, including contributions to projects like New Alamein Towers.
KAD Management has been selected to oversee the project’s management after completion, leveraging its strong track record in commercial project management to ensure operational excellence and meticulous attention to detail.
PLD Development, with a significant project portfolio in West Cairo totaling EGP 2.5 bn, is actively pursuing new projects as part of an ambitious expansion strategy. The company has successfully delivered projects in October Gardens and 6th of October City, with plans underway for a new venture in West Cairo that aims to further enrich its portfolio and meet evolving customer demands, targeting sales of EGP 600 mn this year.