An artist’s impression of the completed Demco site in Antelias.
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Investments in major real estate projects did not wither away this financial year, despite the economic slowdown, drop in remittances and ongoing regional conflicts. The towers, housing apartments and offices at the entrance of Antelias, as well as the 44-floor building in Sin al-Fil are some of the showcases of Demco Properties, which has an investment portfolio of over $700 million in Lebanon.But Demco Towers, better known as Crystal Towers, have become a major landmark in Antelias due to the magnitude of the project, which is still unequaled in the relatively quiet area.Chad explained that the company has already broken even after selling these apartments and offices and expects to sell the rest soon.Demco is offering a wide range of prices for the apartments and offices in the towers.The other criteria Demco has considered before launching the project in Antelias is dealing with the budgets of would be tenants.Chad said that Demco will soon announce a surprise involving the retail spaces at the towers that bring a bigger audience to the project.Apart from Demco Towers, the company is currently building a 44 floor building in Sin al-Fil.Among the other projects by Demco are Abraj in Jdeideh, Starco in Downtown and RedRock villas and chalets in Faqra.
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