Sixth of October Development and Investment Company (SODIC) has announced opening doors of its very first sales center in New Cairo, directly located on 90 Street, “coming closer to SODIC’s growing client base in east Cairo,” Invest-Gate reports.

“The new sales center will best cater to the clients and intenders of SODIC’s largest development on east Cairo to date – SODIC East,” according to a company’s statement on November 6.

SODIC East is in close proximity to the New Administrative Capital and is set to become the company’s mixed-use fully integrated development in east Cairo.

In its statement, the company announced that it will launch “Villette Prive” within this month, which is part of “Villette” compound -the cornerstone of its developments in east Cairo and is designed by renowned American SWA, with deliveries of single-family homes having already begun this year along.

Back in October, SODIC announced its preliminary intentions to submit a mandatory tender offer to acquire at least 51% stake in Egypt’s urban developer Madinet Nasr Housing and Development (MNHD) through a direct share swap (securities swap only).