Egypt’s New Plan Developments has revealed that it will intensively commence works at its New Administrative Capital (NAC) residential project, Serrano, within the coming weeks, Invest-Gate reports.
The move comes in preparation to deliver the compound’s housing units to their clients before the agreed timeframes, which is by 2022, as part of the property developer’s commitment to its clients to deliver the best quality within the shortest period possible, the company announced on February 11.
Encompassing 526 units with areas ranging from 135 meters to 302 meters, Serrano is set to be a gated modern community that features unlimited privacy, absolute serenity, and unrivaled lifestyle within a breathtaking lush landscape representing 80% of the project’s total area; all units overlook landscapes and water features.
Located at the NAC’s R7 residential neighborhood, the compound will comprise amenities that cater to the clients’ various needs such as a shopping mall, kids area, water features, running and walking tracks, top-notch fine dining restaurants, in addition to a gym, library, and spa.
The developer’s announcement came during an entertaining event, held at Royal Maxim Palace Kempinski, that brought together a large number of brokers from all over Egypt to unveil its latest administrative and commercial project in the NAC, ELEVEN.
The new office building is set to be distinctive for its sleek design, unique atmosphere, and beautiful scenery. It marks the property developer’s second project in the NAC and is characterized by its accessibility to main roads such as Suez Road and Regional Ring Road, as well as, proximity to major spots at NAC such as Almasa Hotel, Egyptian parliament, and presidential palace.
During the event, New Plan exclusively revealed that it will announce next month another residential and commercial project located at NAC’s R7 site, while planning to soon unveil details on a new education project in the smart city. It also uncovered that it has an investment plan that surpasses EGP 14 bn.