Misr Italia launches a new phase of Vinci Street, which is a commercial complex in the New Administrative Capital (NAC), as part of the Vinci project, Invest-Gate reports.
This comes as the company participates in the Real Gate exhibition and conference, held from March 25-27, while showcasing a myriad of exclusive offers, payment facilities, and new projects.
Vinci Street consists of two floors, a ground floor and an upper floor. Its distinctive commercial area contains administrative offices, shops and clinics, all which have all the basic facilities.
The areas available in Vinci Street range from 96 sqm for shops to 100 sqm for cafes and restaurants, and for offices and clinics extending up to 69 sqm. Misr Italia offers installment plan of up to seven years, with a 5% down payment only, provided that the project will be delivered in 2024.
The Vinci project is considered a new cultural destination representing different eras and offering distinctive hotel apartments. The first deliveries of the project start from 2023. The company is currently working on constructing 250 villas, and the total number of project units is 800 villas and 1,500 apartments.
Misr Italia aims to pump EGP 500 mn of investments in the Bosco City project this year, which is being built on an area of 268 acres. About 95% of the first phase has been sold, and work is underway to launch the second phase of the project.
In this context, CEO and Managing Director Mohamed Hani Elassal says, “The establishment of the Real Gate exhibition and conference came at an important time in order to provide the largest opportunities for real estate investment and the possibility of looking and comparing all the available projects.”
Elassal adds, “The participation of Misr Italia in the Real Gate exhibition is a good step within the framework of the company’s interest in being strongly present in all events related to the real estate sector, especially since real estate exhibitions are of great importance in the company’s sales rate. Misr Italia will present during the exhibition, offers and payment facilities suitable for all segments of society who wish to own residential, commercial or administrative units. We are also introducing a new stage in our latest project in the New Administrative Capital, which is Vinci Street.”