LASIRENA Group announced the launch of a new phase at LASIRENA North Coast on an area of 30 feddans, as an extension of the current phase of the project, which covers 55 feddans, Invest-Gate reports.

Success of the Existing Project

The new phase comes as a result of the success achieved by LASIRENA North Coast over the past years, where La Sirena Group has completed and delivered more than 90% of the project’s total units and has operated all the commercial and entertainment services within the project, which is currently considered one of the most distinguished projects on the North Coast.

Chairman’s Statement

Eng. Ahmed Omar, Chairman of LASIRENA Group, said that the company responded to its customers’ requests by expanding again in the North Coast and continuing the success story of LASIRENA North Coast. The company was keen to acquire a plot of land next to the project and will develop a fully integrated project according to the latest construction standards.

Details of the New Phase

He explained that the new phase of LASIRENA North Coast includes 720 units, with buildings consisting of ground floor and three upper floors. The built up area does not exceed 20% of the project, as the company was keen to provide the largest possible areas of green spaces, landscaping, and various services, including swimming pools, cafés, lagoons, and an aqua park, in addition to a large commercial area and a clubhouse. The project also features a beachfront extending 460 meters.

Investments and Unit Details

He pointed out that the investments in the first offering of the new phase of LASIRENA North Coast range between EGP 2 billion and EGP 3 billion. The phase will include units ranging in size from 85 sqm to 125 sqm, and it is scheduled to be completed within 6 years.

Prices and Payment Plans

LASIRENA Group is offering the first batch of units in the new phase of LASIRENA North Coast at prices starting from EGP 4.8 million, with a down payment starting from 5% and installments of up to 10 years, along with a discount of up to 40% for cash payments.

Customer Base

He explained that the current number of customers at LASIRENA North Coast is 1,000 families, and the new phase will add around 720 new families.

Project Location

LASIRENA North Coast enjoys a strategic location at kilometer 165 directly opposite Fouka Road.

Company Portfolio

LASIRENA Group owns one of the largest real estate portfolios in Egypt and has developed more than 15 projects, including residential, coastal, and administrative developments. Its portfolio includes a distinguished collection of projects in Ain Sokhna, Ras Sedr, and Greater Cairo.