Castle Development commences the selling process of the fifth phase of its project in the New Administrative Capital (NAC), Castle Landmark, Invest-Gate reports.
The last phase combines 500 residential units, ranging between 85 sqm, 90 sqm, and 100 sqm. The fifth phase of the project overlooks swimming pools, clubhouse, midtown, the Cathedral, the EXPO City, and the Presidential Palace.
With total investments of EGP 3.7 bn, Castle Landmark is built on 43 acres, with a residential area of only 19%. The project has a total number of 1,800 residential units, in addition to Castle Gate mall, which is constructed over 20 acres and features 196 administrative and commercial units.
The real estate developer has completed almost 53% of the entires project located in the R7 District. The first units of the project are set to be delivered by August 2022, and the delivery is extended until the end of 2024.
Ahmed Mansour, CEO of Castle Development, states that the company is stick to comply with the timetables of its projects, and the great interest of its customers and their satisfaction.
Mansour adds that Castle Landmark consists of four phases and is sold over five phases. The company has already completed more than 95% of the construction work for the first phase, with a total number of 476 units, and 64% of the construction work of the second phase, and 15% for the third phase. The excavation work of the fourth phase has been completed.
It is worth noting that Castle Landmark introduces an integrated, smart residential compound, which runs on solar energy that feeds 70% of its overall area. And for the first time in Egypt, the project contains parking over the total land space, to facilitate the traffic and provide premium quality to its residents.