Sky RealEstate, a leading real estate developer and subsidiary of Sky Investments, and Innovo Group, a global leader in engineering consultancy, design, and sustainability systems, have announced the launch of “Sky Innovo Developments”, Invest-Gate reports.
This new real estate company specializes in developing sustainable mixed-use projects.
Sky Innovo Developments is poised to revolutionize the market with its unique business model that incorporates regional and global concepts and specifications, prioritizing mental and physical health promotion and sustainability.
The company is set to unveil its inaugural project Park St. Edition, a distinctive mixed-use project/complex that embodies the principles of health and sustainability.
This project represents a novel approach to real estate development in Egypt and is located in New Cairo area. The investment for the project amounts to approximately EGP 10 bn, covering a land area of 20,000 sqm with a building area of 65,000 sqm.
The collaboration between Sky RealEstate and Innovo Group aims to leverage their extensive experience to build and develop integrated residential and commercial projects. These projects will focus on creating communities that prioritize health, sustainability, and overall well-being for customers. The initiative aligns with Egypt’s Vision 2030, catering to the evolving needs of individuals seeking a unique and healthy lifestyle.
Ayman Hussein, Chairman of Sky Investments Group, expressed his satisfaction with the alliance and the establishment of Sky Innovo Developments, as well as the launch of the Park St. Edition project. He stated, “Our focus is on meeting the needs of customers who seek unique, healthy, and sustainable living environments.”
Similarly, Bishoy Azmy, CEO of Innovo Group, emphasized the partnership’s potential for achieving goals, citing both companies’ proven track records in real estate development. He expressed confidence in their ability to bring about a qualitative shift in Egypt’s real estate sector and position it on the global stage.