Castle Development takes strategic and innovative decisions to ensure clients’ satisfaction, including its revolutionary financial insurance service – an alliance with Allianz Egypt- and introducing its latest project Castle Landmark in New Administrative Capital.
According to this revolutionary service, Allianz Egypt will cover all remaining installments of deceased owners, who haven’t completed the payment of their units, allowing legitimate family members to inherit those units without committing to paying off any remaining dues.
With such a business model, Castle Development has become the first real estate developer in Egypt to introduce insurance systems benefitting homebuyers by employing both companies’ distinct expertise in their respective fields.
“In line with the company’s commitment and sense of responsibility towards our clients, we found it necessary to provide different solutions, enabling them to trust our product. This is another step in our journey towards offering rewarding, high-quality services to significantly increase our competitive advantage as a developer, locally as well as globally,” CEO Castle Development Ahmed Mansour says.
Allianz Egypt has a long and successful track record in the Egyptian insurance market, providing comprehensive and integrated insurance services to business partners and individuals, who require the best of local know-how based on extensive international expertise and experience. In this respect, Mohamed Mahran, Vice-Chairman and Managing Director of Allianz Egypt says, “At Allianz Egypt, we are constantly seeking collaborations with strong entities that allow us to achieve our ambitious plan to reach out to, as well as support, communities through innovative insurance methods through providing full insurance.” Mahran then adds, “For us, the agreement with Castle Development is a significant step as it does not only allow us to work alongside one of Egypt’s most influential real estate companies, but also maintain our credibility and reserve our position among competitors as we expand across different parts of Egypt.”
Mansour then elaborates on the partnership with Allianz Egypt saying, “We always join forces with entities that possess the experience that enables them to accommodate our standards and set of objectives when it comes to developing modern real estate. I am confident that Allianz Egypt will be able to achieve this; they are part of the Allianz Global Company, the world’s top insurance company, thanks to its outstanding performance, unique expertise, and a deep understanding of the needs of customers over the years, in Egypt and other different countries. They have what it takes and it is what made them our number one choice.”
Furthermore, Castle Development named the renowned El Makassa the developer of Castle Landmark at the New Administrative Capital NAC. With an investment of EGP 5 bn, the project introduces an integrated, smart residential compound, which runs on solar energy that feeds 70% of its overall area,” announces Mansour
Ideally located on R7 site in the New Administrative Capital, the project covers a total land area of 43 acres, 81% of which is allocated to greenery and open space. Set to start delivery in 2022, the project provides owners with a lineup of premium amenities and facilities, as well as commercial and recreational areas all adjacent to the city’s Green River.
