The 15 May City Development Authority has announced a public auction for leasing parts of Al-Tunsi Market buildings for wholesale activities at various locations. The leases will be issued under a usufruct system for a period of nine years.
Auction Details and Conditions:
- Interested individuals can obtain the terms and technical specifications booklet from the authority’s headquarters for a fee of 499 EGP per shop or pharmacy.
- The auction session will be held at 12:00 PM on Wednesday, February 19, 2025, at the authority’s headquarters.
- A deposit of 250,000 EGP per shop is required to enter the auction, payable no later than the auction session date.
- Successful bidders must pay 10% of the total lease value for the first three years as a final security deposit, valid throughout the contract duration. This deposit must be renewed every three years or before the start of the remaining contract period.
- Administrative fees of 1% and 0.5% for the Board of Trustees will be added to the total lease value upon successful bidding.
Site Inspection:
Potential bidders are allowed to inspect the auctioned properties during official working hours.
The auction is governed by the provisions of Law No. 182 of 2018, which regulates contracts entered into by public entities.
For more information, visit the 15 May City Development Authority during working hours.
