After selling 70% of "Pavo Tower"... Mercon Developments is preparing to launch its third project in early 2022
Mohamed Amer, head of the commercial sector, revealed that the sales of the "Pavo Tower" project have exceeded 70% since its launch until now, noting that Pavo is the company's second project in the Egyptian market after the G7 Mall project, which is located in the heart of the Fifth Settlement area on an estimated sales area of 22 thousand square meters With a front facade of 250 meters next to the headquarters of the New Cairo Authority overlooking the northern 90th Street, pointing out that the company obtained the licenses for the mall and completed the excavation work to start the construction of the mall.
Amer indicated that there is a great demand from customers to buy administrative and commercial units as one of the most profitable investment opportunities now, especially in the distinguished areas, whether in the new administrative capital, specifically in the CBD area in which the Pavo project is located, or in the Fifth Settlement, in the best investment areas in which the G7 project is located, which confirms However, choosing the location of the project, studying the area in which it is located, and paying attention to the distinctive services of the project are among the most important factors that attract customers.
Amer added that the company is now studying investment opportunities in the new administrative capital within a number of options for the company, in preparation for the launch of its third project early next year after the completion of the detailed study of the project in accordance with the strategic expansion plan set by the company, which is based on the launch of three diversified real estate projects with investments exceeding 5 billions of pounds.
It is worth noting that the "Pavo Tower" project is located in the central business district of the New Administrative Capital (CBD), and the company launched it in the second half of this year. The most prestigious neighborhoods of the new administrative capital.
The project consists of administrative and commercial only on an area of 4,000 square meters with a height of 14 floors (commercial - administrative) from the first to the second commercial and from the third to the thirteenth administrative with areas starting from 25 meters for commercial units and 30 meters for administrative units in addition to some services such as a social lounge And meeting rooms, conference rooms, central air conditioning, an entertainment hall, fitness centers, places for people with special needs, and a rooftop.
The company offers a number of different installment systems of up to 10% down payment and payment periods of up to 15 years, indicating that the project will be delivered after 4 years.