Misr Italia Properties announces that it has succeeded in achieving sales of EGP 2.5 bn in 2021, aiming to record total contractual sales of EGP 4 bn in 2021, Invest-Gate reports.
In this regard, Mohamed Hani Al-Assal, CEO and managing director of Misr Italia Properties, states, “This is a new achievement for Misr Italia Properties and also confirms the possession of a clear vision of the real estate market, supported by great confidence in the future of this market, which is witnessing a boom now, after the end of the peak of the Corona pandemic,” noting that the company was keen to achieve a difficult equation by applying all precautionary measures while maintaining implementation rates.
In a related context, Misr Italia Properties has launched a new phase entitled “Allure 2.0“, in the “Cairo Business Park” complex, which is built on an area of 78,000 square meters, divided into 42 administrative buildings, with office spaces range from 60 to 290 square meters. In addition to the possibility of installments up to 6 years. Besides, 20 buildings of the project were delivered in 2020.
Additionally, the company has launched two new phases of its project in the New Administrative Capital “Il Bosco“. The first new phase is under the name “The Park”, which includes 12 smart buildings. The other new phase is “The Cliff”, which features most distinguished villas in Il Bosco. It’s noteworthy that the company’s total investments in this project amount to EGP 16 bn.
In the same context, the company has launched two new phases “La Natura & La Valle” in its project in New Cairo, “Il Bosco City“, through which the company offers the concept of a 15-minute city. The two new phases offer a group of villas of different sizes, including 220 units, and the two phases will be delivered in 2025. It also offers competitive offers on payment plans, including a down payment of 5% of the unit price, with a payment plan of up to nine years.
Furthermore, Misr Italia Properties has announced two new phases in “VINCI” project in the New Administrative Capital. The first phase is called “Como Lakes”, includes independent villas, twin houses and townhouses, while the other phase is “Imperia Gardens”, which includes different housing units. The two new phases consist of 818 housing units. Construction work will start in 2022, provided that the two phases will be completed and units will be delivered during 2024, with investments of EGP 2.3 bn for both phases.