Sixth of October Development & Investment Co. (SODIC) acquires 180 feddans of land next to its Caesar project on Egypt’s north coast for EGP 10 bn ($636 million), extending the company’s flagship seaside development, Invest-Gate reports.

The new phase is master planned to echo Caesar’s “unique positioning,” SODIC said in a statement Tuesday. The Cairo-based developer plans to invest more than EGP 10 bn over four years in developing the site, which is south of Caesar and has similar “spacious homes in a low-density, low-rise” style.

SODIC launched Caesar in 2015 as its first residential project on the Mediterranean coast, overlooking a 1.4 km beach in the Ras El Hekma area. The company has delivered more than 350 homes at Caesar, which it said has become “one of the most sought-after addresses on Egypt’s north coast.”

The purchase “promises to complement everything that Caesar is today while preserving the serene nature of the project,” SODIC General Manager Ayman Amer said. “We are very excited about this one.”