Genoa Development has announced the launching of “Seventy Seven Business Complex” the company’s first project in the New Administrative Capital, located in one of the vital places in the downtown area, the project covers an area of 2500 m2 with EGP 456 million of total investments and set to start delivering after 4 years with expected sales target EGP 400 million. The announcement was made in the presence of Omar Al-Attal Chairman of Genoa Development, and Akram Baghdadi, Genoa Development Commercial Director, and Monzer Eid, Genoa Development Managing Director at the ceremony, organized by the company at Fairmount Hotel -5th settlement in the 13th of October 2021.
The multi-use project “Seventy Seven Business Complex”, developed with a very strategic location at the Downtown area, the most important area in the heart of the New Administrative Capital, the project is located only a few minutes from the financial and government district, Gold market, the Handicraft area, and Egypt Mosque.
Seventy Seven Business Complex overlooks two distinctive roads corners, the first one on a 70-square-meter-wide Main Street and the second on a green space over 3 acres.
“Seventy Seven Business Complex is the result of a number of studies about the Egyptian market’s needs at the current time, we tried to devote our more than 40 years of experience into the real estate market, to present “Seventy Seven Business Complex” as an ideal model for multi-use projects in terms of location, design, services, and facilities provided by the project, one of the most important matters is the selection of the project’s location, which has been very carefully selected at one of the most attractive investment zones in Egypt now, in the New Administrative Capital – the Capital of the Second Republic, and the future of trade, business and real estate investment in Egypt.” Omar Al-Attal, Chairman of Genoa Development commented.
Seventy Seven Business Complex spreads across 2 phases, provides 204 units of Commercial Administrative, medical units with sizes between 13 m2 to 85 m2 with the possibility of combining more than one unit with different spaces.
The designs of the project are very unique by Consulting Engineering Office, Mohamed Hafez, one of the most important consultant engineers in this field, who through his office implemented more than 80 real estate projects.
The project designs inspire a mix between orientalist and modernity through huge glass fronts, advertising screens over the building’s fronts, and outdoor spaces for the commercial units on the ground floor. Also Seventy Seven Business Complex divides into 2 buildings, one for the medical units and the other one for Administrative units (Sky views offices), giving all the administrative spaces an open overlook to the ministries district.
“From the very beginning of putting the project’s plan, we nonetheless keep in view providing an unprecedented model of the commercial, administrative, and medical units in terms of design, variety of spaces, and the flexibility of owning the different units according to the clients’ needs. In order to give the business owners and investors the availability to find their requirements and ensure that their businesses reach to different segments to achieve the highest profitability and the greatest return on their investments.” Akram Baghdadi, Genoa Development Commercial Director declared.
Genoa Development was keen that Seventy Seven Business Complex presents a model of smart projects through the outstanding services include helicopter airstrip, Hydraulic park, an in-garage charging station for electric autos, external show screens in the fronts, as well as a range of other services and facilities such as limousine service, emergency ladders, and restaurant complex with cleaning services for all units, while the Building area of the project reaches to 30% of the total area and the rest area to green and open spaces.
“We seek that “Seventy Seven Business Complex” provides a real estate product with an ambitious vision in line with Egypt’s Vision for Sustainable Development 2030, in addition, to present a range of services and facilities that guarantee employees a healthy working environment that enables them to achieve the highest productivity, provides its visitors an ideal experiment at the same time, and be able to compete locally and globally.” Monzer Eid, Genoa Development Managing Director asserted.
Genoa Development is one of the real estate companies that have a range of highly experienced cadres for more than 40 years. The company aims to take advantage of these experiences to develop high-quality real estate projects (commercial, administrative, residential, and medical) in Egypt at the NAC and 5th settlement within the next period, in addition, to extending its businesses outside Egypt in Gulf, the Middle East, and North Africa.