Living Yards Developments announced on December 4 the launch of the second phase of its residential project, The Loft, in the New Administrative Capital (NAC), following the success the project’s first phase had achieved, Invest-Gate reports.

“The Loft presents a new concept for practicality as clients can divide the inner spaces of their units according to their needs,” Hashem El Kady, head of the company’s commercial sector, was quoted as saying in an official statement. He added that it has achieved contractual sales of around EGP 600 mn in three months only, thanks to the successful marketing campaigns of the first phase, according to the company’s statement.

“We are proud to be contributing to NAC, one of the largest developmental projects in Egypt which became a reality,” El Kady noted, adding that The Loft’s new concept enables clients to design the interiors of their units, pursuant to their needs and preferences.

“The project’s second phase would have access to the largest greenery and parks in the project, built according to the advanced standards and with an infrastructure that depends on the highest levels of efficiency,” he further stated.

Inspired by British postmodern architecture, The Loft features real British lofts, which have no walls and could be apportioned as desired, covering an area of 23 acres. It boasts luxury-finished units, ranging from one- to five-bedroom apartments, duplexes, and penthouses, with areas varying from 78 to 350 square meters, customizable according to personal preference. It is characterized by its distinctive location near NAC’s Expo City and Diplomatic District, while positioned 15 minutes away from Capital International Airport and the presidential palace.

Living Yards is owned by two investment groups: AM Group and Egyptian Swiss Group. The volume of both firms’ annual performance exceeds EGP 4 bn.