El-Attal Holding announces that their debut project in the New Administrative Capital (NAC), PARKLANE, has sold 90% of Phase I, 95% of Phase II, and 90% of Phase III, Invest-Gate reports.
Moreover, the construction of Phase I is up to 50% done and is planned to be fully completed throughout this year, along with 15% of Phase II.
Located in NAC’s R7 district, PARKLANE is built on 27 Acres of land in four phases, 15 buildings each, with total investments worth EGP 8 bn. The project is set to deliver parallel to the construction of the commercial mall in Q1 2024.
Furthermore, PARKLANE features a total of 1,100 units including duplexes, penthouses, and studios, along with administrative and commercial units. It will comprise units with various sizes ranging from 115-355 sqm, with Phase I includes special units with sizes ranging from 90-190 sqm.
Ahmed El-Attal, chairman of the board of directors of El-Attal Holding, says that the company has invested more than EGP 250 mn in construction activities over the last year, and injected EGP 150 mn to drive development works forward through 2021.
It is worth noting that El-Attal Holding’s building arm has developed a central mixing station with a production capacity of roughly 6,000 sqm to fulfill all of the project’s needs.