Upwyde Developments launches Prk Vie project in New Cairo’s Fifth Settlement district, Invest-Gate reports.

The project is expected to achieve contracting sales of more than EGP 4.5 billion, with the help of consultancies and real estate marketers.

Mohy Farrag, Chairman of Upwyde Developments, unveils the company’s expansion plan which includes developing a diverse portfolio of residential, commercial, administrative, and medical projects, including a project in Sheikh Zayed to be announced in mid-2023.

Mahmoud Tamam, Managing Director of Upwyde Developments, notes that Prk Vie is located on 19,000 sqm in the Golden Square, adding that it is a commercial, administrative, and medical project featuring spaces between 50 and 55 sqm.

Tamam says that the project’s investment cost amounts to EGP 3 bn and that the company offers flexible payment plans of up to 7 years with a 20% down payment.

Furthermore, Tamam reveals that the company will develop “it” project in the Fifth Settlement with a market value of EGP 1 bn.

He adds that the project’s ground and first floors will be used for commercial purposes while the remaining three floors will include administrative units.