The Feasibility Study Project for the SYRONICS Building in Damascus is a landmark initiative that showcases archecho Consultants’ expertise in delivering integrated economic and engineering consultancy solutions for public and government entities. The company took full responsibility for preparing the comprehensive financial and economic feasibility study and the investment proposal under the Build-Operate-Transfer (BOT) framework, in addition to structuring the complete engineering and operational oversight throughout the designated investment period.
We initiated our work by establishing a clear economic vision aimed at delivering a fully compliant legal and investment response to the shifting dynamics of the Damascus real estate market. Our team conducted a highly professional analysis of market demand and office space availability. Based on this, we focused on converting a dormant industrial asset into a state-of-the-art Grade-A Business Hub designed to serve the growing small and medium-sized enterprises (SMEs) sector and international organizations.
Throughout the study preparation phases, our team coordinated directly with the Syrian Investment Authority and the Ministry of Industry. This continuous follow-up facilitated the formulation of a smart operational and financial model that guarantees a sustainable sovereign income for the state, while meeting the regulatory objectives set by Legislative Decree No. 237 and Detail Zoning Plan No. 104, which transform the Qaboun region into a financial, investment, and services zone.
Moving beyond financial and investment modeling, we also oversaw the detailed architectural layout and precise space distribution. The project spans a total built-up area of 10,000 m², strategically allocating a net leasable area of 4,500 m² tailored for corporate offices, virtual workplaces, and co-working spaces. Meanwhile, the basement level is entirely dedicated to underground parking and technical services to ensure the seamless efficiency of a smart building.
Ultimately, this feasibility study project stands as a successful model of archecho’s capability to architect true development partnerships, yielding highly lucrative financial returns with an Internal Rate of Return (IRR) estimated at 21% and a meticulously calculated payback period. If you are looking for a trusted partner to execute and deliver world-class investment feasibility studies, archecho Consultants is fully prepared to provide the optimal strategic solutions.
As a forward-thinking firm, archecho Consultants continuously strives to be the strategic partner of choice for corporations seeking top-tier, integrated investment solutions in the new era of Syria’s reconstruction, distinguished by our comprehensive economic feasibility studies, engineering consultancies, and innovative, sustainable BOT frameworks designed to maximize asset value and build modern financial hubs.
