Builderia Development launched its PARAGON project, earlier this year, the first smart project in the local market covering a total area of 4,300 sqm and built-up area of 23,000 sqm.
PARAGON, located in the financial district of the New Administrative Capital (NAC), consists of a two-story parking area spread over 8,500 sqm, a ground floor, and seven floors containing 205 units.
During a press conference on Monday, Builderia Development CEO Mohamed Bedeir said that the company aims to invest about EGP 100m in construction works during 2020/2021. It is anticipated that the project will be completed in 2022.
Bedeir said, “Builderia is committed to a strategic vision built on excellence and leadership in introducing and implementing the latest architectural concepts and standards in designing smart office buildings.”
He described Builderia’s vision for PARAGON, noting that the design of offices and work spaces was inspired by modern architecture, and built with bold, modern lines epitomising contemporary architecture. The project features double-height units, equipped with technologically advanced amenities and services.
“PARAGON, and all its smart solutions, caters to the evolving needs of the Egyptian administrative real estate market, ultimately enhancing the value of investment in PARAGON units with an increase of nearly 30%,” Bedeir said.
Ziad El-Hares, Managing Director of Builderia, elaborated that the company’s sales partner, ERA Commercial Egypt, provides integrated real estate solutions that satisfy the needs and
expectations of clients. Hafez Consultant is the architectural consultant firm responsible for PARAGON’s design and master plan.
ElHares added, “Precision Consulting Engineering (PCE) is our MEP (Mechanical, Electrical, and Plumping) Consultant. Finally, ASAAS Construction is our general contracting company, one of the leading construction and finishing companies in Egypt, Africa, and the Middle East.”
