Castle Development and El Makassa have unveiled an upscale smart residential compound, Castle Landmark, at the New Administrative Capital, Invest-Gate reports.
Spanning across a built-up area of 41.5 acres, Castle Landmark will be developed with total investments of EGP 5 bn, with a plan to be delivered by 2022.
“We are constantly trying to provide flexible, personalized, and customizable, high-quality options to our customers. Which is why implementing the latest technologies and next generation services is imperative to our success,” Castle Development CEO Ahmed Mansour said during a launch ceremony held at Dusit Thani Lakeview in New Cairo.
Located at the R7 site in the new capital, and next to the British University, the new project offers fully-finished units with central air conditioning and premium security systems. Units’ sizes ranges from 120 to 300 square meters, with varying designs.
It also comprises a lineup of premium amenities and facilities, including a clubhouse, gym, comprehensive parking space, as well as commercial and recreational areas all adjacent to the city’s Green River.
“Landscaped by Egyptian-German Okoplan Consulting Engineers, Castle Landmark introduces cutting-edge, ultra-modern design concepts that involve elements of nature in every aspect of its plan, where 81% of the land area is allocated to greenery and open space,” according to a press release.
“Castle Landmark is no exception as all 1,800 units combine efficiency and premium quality solutions with a 70% dependence on solar energy,” Mansour added.
The new capital is set to host 7 mn residents that utilize modern and advanced systems as the basis for management across 700 square kilometers, he revealed.
“Our partnership with Castle Development has come as a natural part of our process to ensure quality implementation of our vision,” according to Mohamed Abd El Salam, Chairman of Misr for Central Clearing, Depository and Registry.
Castle Development, a sister company to ABC, which was founded in 1982 in Jeddah, KSA, is investing a total of EGP 8 bn in the construction of residential projects in the new capital.