Areva investment group is launching its two new projects Glare business hub and Glare health and wellness medical hub in New Cairo.

Eng. Amr Yassin, we are aiming to develop number of mixed use buildings for administrative and retail in New Cairo.

Dr. Mahmoud el Nagar, Glare is privileged with a very prime location in the northern street New Cairo.

Areva Real Estate Development Company, one of the largest companies operating in the Egyptian market, announced the launch of its first business in the real estate market.

• Glare business hub for retail and administrative use.
• Glare health and wellness medical hub for medical use.

Amr Yassin, Chairman of the Board of Directors, explained that GLARE project is a commercial, administrative, medical (Mixed Use) project in the Fifth Settlement, the center of New Cairo city and has a direct view of the northern 90th street . GLARE has a built-up area of 33,000 square meters and consists of 3 Basement, ground floor and 5 upper floors, with an expected sales value of EGP 2.2 billion
Yassin revealed contracts with major engineering consultancy companies, management and operation companies for commercial centers ,also contracts with real estate marketing companies, to be partners in the success of the project and to come up with a unique real estate product, especially that commercial and administrative real estate needs specialized companies with diverse experiences in this type of buildings.
He said that a contract was made with the Engineering Design and Development Company (MEED) to carry out all the architectural, construction and landscaping designs for the GLARE project. MEED Company has long experiences and previous great works for distinguished administrative buildings that were implemented worldwide in England, South Korea and several European countries, This reflects the accuracy of the designs and architectural details and the reflection of a new and distinctive thought to provide a different, unique, environmentally friendly and sustainable real estate product.
Dr. Mahmoud Al-Najjar, head of the commercial sector, said that the company aims to achieve 2.2 billion pounds in sales for the project. Flexibility and facilitation have been taken into account for the company’s customers. For this reason, flexible payment plans have been developed starting from 4 years to 7 years with a down payment starting from zero to 25%.
It is worth mentioning that Areva Real Estate Development is one of the companies belonging to an investment group (holding) that has been working in the Egyptian market for 38 years in various fields, including education, tourism ,real estate investment, the establishment and management of hotels, tourist villages and agricultural reclamation, through which it provided the Egyptian market with a diverse and distinguished group of Unique projects with an investment portfolio size of more than 7.2 billion pounds. These projects have been accepted by different segments of the Egyptian society and succeeded in forming a large base of clients that trust the group.
Al-Najjar said that Areva Real Estate Development has developed an expansion plan that aims to implement a series of administrative projects in New Cairo during the year 202.