Founders, the marketing arm of Hyde Park Developments, has signed an agreement with the New Urban Communities Authority (NUCA) to acquire the Hekayat Al Tagamoa project in New Cairo, Invest-Gate reports. The development spans 80 feddans and includes 5,328 residential units, with sizes ranging from 99 to 132 sqm.

The acquisition aligns with Founders’ strategy to enhance real estate marketing and sales through professional planning and high-level promotional campaigns. The initiative also supports the Housing Ministry’s efforts to maximize real estate investments, increase occupancy rates in new cities, and generate returns for further development projects.

Hekayat Al Tagamoa marks the first project acquired by Founders. It is strategically located in the heart of New Cairo, just minutes from key roads and transportation links, ensuring easy accessibility. Additionally, all units in the project are ready for immediate occupancy.

Amin Serag, Managing Director of Hyde Park Developments, highlighted the significance of the agreement, emphasizing Founders’ role in selling and marketing both public and private sector projects. “This deal strengthens our partnership with the Housing Ministry, allowing us to acquire and rapidly market existing projects while optimizing state assets. Founders Developments possesses the expertise and resources to implement innovative marketing strategies that effectively cater to market demand for residential units,” Serag stated.