Brickzey Property Management CEO Ahmed Selim said the company logged EGP 3.5 bn worth of sales in 2019, marking an EGP 1 bn hike compared with the year-ago period, Invest-Gate reports.

Buyers’ major focus was directed toward projects in west Cairo, notably Sheikh Zayed and 6th of October City, particularly homes positioned within high-rise buildings. This comes on top of the heightened emphasis on developments in the New Administrative Capital (NAC), Selim acknowledged in a recent press release.

After managing to exclusively market five real estate developments in 2019, including IL Mondo, Lakeville, West Eleven, and The Gate compounds, contractual sales of commercial, administrative, and medical spaces stood at EGP 1 bn, Selim confirmed, highlighting that Brickzey seeks to boost this value during the current year.

According to the CEO, Brickzey has already partnered with several property developers to market four additional real estate projects in 2020, bidding to diversify the company’s local real estate portfolio.

Last September, Brickzey Commercial, a sister company of Brickzey Property Management, had teamed up with Kasr El Nile for Contracting and Engineering Designs to manage and promote the latter’s new commercial and administrative project in 6th of October City, or West Eleven, according to a previous statement.

Developed over 21,000 square meters, the self-funded development is expected to secure sales worth EGP 1.5 bn. Construction works are 50% done on-site, while the project’s implementation scheduled for finalization by 2021, Selim revealed back then, underscoring that the compound’s promotional plans are set for completion by year-end, with consultancy works assigned to Sabbour Consulting.