Nakheel Developments have bought in the market the project named Trio V Tower, its first project in the downtown area of the New Administrative Capital (NAC), which acquired 7,000 sqm, with the sum of total EGP 1.5bn investments.
Company Chairperson Emad EI-Tabbakh claimed that the project is the company’s initial step in investing in the Egyptian market by the NAC. A number of projects and strategic steps will be asked by huge investments, to keep up with the company’s presence in the major national project.
Trio V Towers is a 15-story building that will represent a built-up area of 30% and contains offices, along with commercial and medical units, and also containing three basements spanning over the project space.
Nakheel Developments began work in 2005 in the UAE under the name Global Property MAnagement. Counting from the starting time, the time when Nakheel Developments was established, the company has delivered more than 20 property projects in the UAE.
EI-Tabbakh provided that a review is underway of several engineering consultants, and management and operation companies particulate in managing administrative offices, clinics, and others. This is with the point that one of these companies will be selected to manage the mall and shops.
Ahmed Wagdy, Marketing Director at Nakheel Developments, provided that the company has attempted to apply modern global expertise and trends to help entrepreneurs and developing companies since the beginning of project planning. This took place by providing administrative spaces equipment with their needs and pillared by technological methods and services.