Empire State Developments has accelerated construction progress at El Centro Business Park. This project is located in Downtown, New Administrative Capital.
Mostafa Mohsen, Chairman of Empire State Developments, stated that the strong pace reflects the company’s commitment to its clients. He added that the project’s completion will stand as a solid reference for future developments.
The basement works are fully completed. Additionally, construction of the concrete structure is underway. Structural completion is scheduled within a year. Final delivery is planned within two years.
Despite market challenges, the company demonstrates resilience and strength. Therefore, steady progress continues throughout the project.
The project is developed using green building methods. Furthermore, it follows international construction and finishing standards. This aligns with the vision of the New Administrative Capital and the state’s strategy for sustainable green development.
El Centro Business Park occupies approximately 6,000 sqm. The project includes a ground floor and 15 repeated floors.
The entire project is sold except one floor retained for financial strategy. This allows the company to withstand potential market fluctuations.
The built-up area is only 30%. It also consists of three basement levels covering the entire land plot.
The ground floor is allocated for restaurants and cafés. The first three floors are dedicated to retail. The fourth and fifth floors host medical clinics. From the sixth floor up, administrative offices are planned. Additionally, a panoramic restaurant will be located on the top floor with a separate entrance.
The project enjoys a strategic location with dual frontages. One overlooks a main street, while the other faces Central Park in Downtown NAC.
A sister contracting company handles construction works. In addition, CBRE manages project oversight. Engineering consultancy is provided by ACE Moharram Bakhoum. Together, these entities reflect the project’s significance.
