Egypt’s integrated real estate company Real Mark Developments made its debut by launching its first mixed-use complex in 6th of October City, West Mark, offering “a new line of thought to office and commercial real estate in Egypt,” with investments worth EGP 750 mn, Invest-Gate reports.
Real Mark Developments introduced the prime project during a press conference held on October 8 at the Four Seasons Nile Plaza, according to the company’s statement.
West Mark, which is scheduled for delivery by 2020, stands as the product of a partnership between Real Mark Developments and Business Mark, a subsidiary vehicle from renowned Saudi company Al Hussan Group.
“Premium quality, innovation, and functionality make up the foundation of this project. Apart from the unparalleled location, West Mark takes the lead in introducing the concept of double-height units for the first time to the Egyptian market,” Mohamed Younis, CEO of ERA Commercial Egypt, was quoted as saying.
Spreading over 13,700 square meters of land with a built-up area (BUA) of 27,000 square meters, the project has a prime location on a 10-meter elevation above the 26th of July Corridor, within the upscale community of Iwan Developments’ Jedar.
The complex will encompass two buildings, A and B, providing fully finished office spaces ranging between 69 and 121 square meters, along with the double-height units sized 800 square meters and above, the statement noted.
It will also comprise a 10,000-square-meter outdoor area and a total of 300 underground parking slots, in addition to providing an easy access to various markets, banks, pharmacies, and a number of F&B options.
Business Mark has earlier signed a sale contract with Iwan Developments, enabling Real Mark Developments to carry out the development, design, construction, marketing, sales, and property management of all commercial plots within Jedar.
