Marseilia Group is celebrating the delivery of its North Coast megaproject, called “Marseilia Beach 4,” which is being developed over three phases, with the final one scheduled for hand over in 2021, Invest-Gate reports.
So far, the Egypt-based developer has sold out more than 50% of the entire project, Marseilia Group Chairman Sherif Heliw said in a recent press release, expecting this sales momentum to continue till year-end, while also targeting contractual deals estimated at EGP 1.5 bn.
Marseilia Beach 4 includes more than 2,000 residential units, with the first phase fully delivered and sold out, whereas clients of phase II are currently seeing the handover of their coastal homes, the statement noted.
According to Heliw, Marseilia Group managed to “transform the Coronavirus crisis into an opportunity,” on the back of its 20-year experience in the real estate field, standing “proactive in defining the role of marketing and online selling of its property projects.”
“We accepted the challenge in many of the difficulties associated with the resumption of construction … We succeeded in providing every necessity to complete the final retouches to deliver phase II of the Marseilia Beach 4 project, located in the Golden Square of Sidi Abdel Rahman Bay, specifically 124.5 kilometers on Alexandria-Matrouh Road.”
Speaking of the developer’s future plans, the chairman briefly said, “The company will intensify its activity to double the targets supported by our customer base in the Arab Gulf countries, as the entire real estate sector generally witnesses a boost that will compensate for property sales, which were definitely affected due to the crisis.”
Marseilia Group has more than two decades of experience “in establishing integrated urban communities” for 20,000 families through more than 20 projects across the North Coast, Marsa Matrouh, Alexandria, and Ain Sokhna.