URBNZ Developments has officially entered Egypt’s real estate market with the launch of AXIS Three Business Mall in West Cairo, targeting EGP 230 mn in sales, Invest-Gate reports. The move is part of the company’s expansion strategy, leveraging over a decade of expertise in construction and contracting to establish a strong presence in the sector.

For his part, Eng. Islam Mostafa, Chairman of URBNZ Developments, emphasized that the company is launching with strong expertise spanning over 10 years in the contracting and construction sector. During this period, it has successfully executed numerous pioneering projects, delivering them on schedule and with the highest quality standards. This track record serves as a key pillar supporting the company’s expansion into the real estate development sector.

Mahmoud Ameer, Chief Commercial Officer (CCO) of URBNZ Developments, stated that The project is a commercial, administrative, and medical complex, located in the northern expansions area of 6th of October City. He pointed out that the project’s strategic and exceptional location ensures maximum occupancy across all units, as it is situated in a densely populated area that necessitates such developments to meet the demand of local residents.

He also highlighted that the project is located in an area surrounded by more than 26 upscale residential developments, housing over 350,000 residents, which reflects the high population density and the need for such projects in the area. He also noted that URBNZ Developments had already started construction before the official launch, demonstrating strong financial solvency, commitment, and seriousness in executing the project. The units will be delivered fully finished, including air conditioning.

Ameer explained that over 40% of the project has already been completed, with the company aiming to deliver it in a record time while maintaining the highest quality standards. This will make it the first company to deliver such a project in a short period, ensuring that local residents can quickly benefit from the varied services the project offers, while unit owners can take advantage of the high occupancy rates.