Pyramids Developments announced, on Wednesday, that its Grand Square Mall in the New Administrative Capital (NAC) will be put up for operating lease by January 2021.
The company said it introduces a new investment vision through which it seeks to replace traditional rental contracts with operating lease agreements, in which the lessee can rent the property to other parties.
Spanning over 7,800 sqm, Grand Square’s construction works began in March 2019 with a total investment cost of EGP 750m. It consists of seven floors, comprising commercial, administrative, and medical units.
Pyramids Developments has launched its latest project Pyramids Business Tower during the current year. The project comprises commercial and administrative units as well as serviced-apartments in GOV2 in the NAC.
The company revealed its investment plan for 2021, as it prepares to launch a new project in Galala City. Pyramids also intends to establish a residential and entertainment complex that includes artificial lakes, golf courses, and an electric train.
