Nakheel Developments has launched the Trio V Tower project, its first project in the downtown area of the New Administrative Capital (NAC), which extends over 7,000 sqm, with total investments worth EGP 1.5bn.
Company Chairperson Emad El-Tabbakh said that the project is the company’s first step in investing in the Egyptian market through the NAC. A number of projects and strategic steps will be followed by large investments, to support the company’s presence in the major national project.
Trio V Towers is a 15-storey building that will feature a built-up area of 30%, and includes offices, as well as commercial and medical units, along with three basements spanning over the project space.
Nakheel Developments started operations in 2005 in the UAE under the name Global Property Management. Since its establishment, the company has developed and marketed more than 20 property projects in the UAE.
El-Tabbakh said that a review is currently underway of several engineering consultant, and management and operation, companies specialised in managing administrative offices, clinics, and others. This is with the view that one of these companies will be appointed to manage the mall and shops.
Ahmed Wagdy, Marketing Director at Nakheel Developments, said that the company has endeavoured to apply modern global expertise and trends to support entrepreneurs and emerging companies since the beginning of project planning. This has taken place by providing administrative spaces commensurate with their needs, and supported by technological methods and services.
