MARAKEZ announces its latest developments in East Cairo during a press conference at District Five (D5), Invest-Gate reports.
D5 is MARAKEZ’s signature project in East Cairo on 268 acres with over EGP 15 bn. The project features 1,800 exclusive residential units at D5R, besides a myriad of flexible office spaces at Mindhaus and East Cairo’s upcoming commercial hub – D5M opening this year.
D5 construction works reached 66% to date, with no delays as the company started the delivery of D5R end of 2021 and began operations at Mindhaus in early 2022.
While, Mindhaus comprises a wide range of sellable and leasable office spaces covering about 240,000 sqm of built-up space and will include various renowned companies such as AZADEA Group, TAM Gallery, Redbull, Adidas, Breadfast, Wheelhouse Café, The Design Avenue, Sigma Contractors, Blue Ribbon, Reference for Architecture, LA7 and Stamina.
D5M, the 1st retail destination in New Katameya covers 100,000 sqm of built-up space and offers a diverse set of F&B, shopping and entertainment facilities. It is 90% complete and will be opened with renowned brands including Seoudi, Eatery, Zara and Galaxy Cinema among others.
“MARAKEZ continually seeks opportunities that serve the different needs of its communities and D5’s community is getting bigger by the day, between residents, visitors and people who have moved their offices here,” Yasmine Abou Samra, Chief Development Officer at MARAKEZ, comments.
Also, D5 brings together all key elements required to create a vibrant and thriving community.
MARAKEZ has maximized community amenities that cater to all audiences with significant investment in infrastructure to create closer links with Road 90 and the rest of New Cairo and D5 provides easy access to the NAC, Maadi, Madinat Nasr, Sokhna, and the Red Sea.
The real estate developer is implementing an EGP 24 bn strategic investment plan in Egypt focusing on key projects in Cairo and other governorates and looking forward to establishing partnerships targeting renewable energy for its projects.