Misr Italia continues its qualitative expansion in the administrative capital and the northern coast

Misr Italia Real Estate continues its expansions within its existing projects, specifically in the new administrative capital, and this time the company announced the launch of a new phase in the Vinci project called “Vinci Lagoons” with investments of approximately 1 .5 billion pounds.

Misr Italia intends to build the new phase on an area of ​​13 hectares, within the project, which covers an area of ​​110 hectares, in the R7 area of ​​the diplomatic district in the new capital.

It is planned that the area will be the most prestigious and luxurious in the residential building area, and “Vinci Lagoons” will contain the first “swimmable” lagoons in the new capital, in addition to a number of residential buildings of modern design with characteristic views of the green spaces and the lagoon.

Mohamed Khaled Al-Assal, CEO and Managing Director of Misr Italia Real Estate Company, said that in the new phase, the company is keen on the importance of providing customers with everything new in terms of luxury to have a better quality of life to ensure.

Al-Assal added that to implement this, a collaboration was made with the two companies, Purescape, for landscape design, urban planning and landscape works. Mother. DMA for architectural design, considered one of the success partners working harmoniously with Egypt, Italy to achieve leadership within our projects in innovative and different ways that attract clients and address their changing requirements.

He explained that the units offered by Egypt, Italy in “Vinci Lagoons” vary between garden villas, sky villas, garden terrace apartments and 3-bedroom apartments, and for the first time a double view house with a double view of the lagoons on one side and the villa area designed by Hany Saad Innovations. ) on the other side.

All units also have a direct view of the lagoon area and the landscape with its proximity to many activities and water sports, according to Khaled Al-Assal.

The company is keen to create a distinct personality for each stage of its projects, giving it a special character that achieves distinction for each of them, which is what it followed in Vinci Lagoons through beach life in daily life of the residents of the Administrative Capital through a lagoon covering an area of ​​5000 square meters with a beach strip extending to 700 meters to enjoy a comfortable and quiet atmosphere within the boundaries of the residential units at any time.

Mohamed Hany El-Assal, CEO and Managing Director of Misr Italia Real Estate, said that the investment volume of the Vinci project amounts to EGP 7 billion, and the project is characterized by providing exceptional designs to clients, as it is an added value and a unique technical experience for the company’s projects.

The project also has a full-service commercial area represented in “Vincistraat”, a large commercial strip that the company has started offering for sale, as it includes various commercial and entertainment facilities and offers spaces for leading clinics.

The new phase is in line with the government’s vision to develop and operate the New Administrative Capital by the end of this year, and to complement the company’s expansion plan and diversify its investment fronts through the Vinci project, which provides facilities and include high quality. facilities that add value to the residents of the New Administrative Capital.

The Vinci Project is strategically located near the Diplomatic Quarter, the Opera House, Al Masa Hotel, the Government District, the Educational District, the Medical District, the Knowledge Center and the Regional Ring Road.

It is worth noting that construction work at Vinci is progressing in full swing according to the plan set to ensure the delivery of the units on the agreed date in 2023.

Misr Italia Real Estate is one of the leading real estate development companies in Egypt, and the developer of 25 residential, tourist and commercial projects and tourist hotels throughout Egypt, including the residential projects “El Bosco” and “Vinci” in the New Administrative Capital, “Lanova Vista” and “El Bosco” City” in New Cairo.

In addition to the leading commercial projects “Garden 8”, “Vinci Street” and the administrative complex “Cairo Business Park”, which will become a center for innovation and culture in New Cairo, in addition to coastal projects such as Kai Sokhna.

Egypt Italia Real Estate also continued its expansions in the North Coast, acquiring new land to launch a new project with investments of 23 billion pounds, in line with the government’s vision to develop the North West Coast region, and to implement the plan to diversify to complement. its investment facades.

The land is located at 199 Kilogram Alex-Matrouh Road in Ras El Hekma Bay, bringing the company’s land portfolio to 7.1 million square meters.

Mohamed Hani Al-Assal said that the company always strives to develop its property portfolio and expand its reach by providing innovative, high-quality products. The company will soon launch its first projects in the North Coast region.

He continued: “The company plans to contract with the largest international design and planning consultancy offices, to develop an integrated plan for the project that takes into account the standards of sustainable development and the elements of smart construction and maximizes the aesthetic components make use of and the picturesque nature in the region, with the aim of providing a real estate product that meets the aspirations of customers and achieves the highest level of luxury and comfort. and fun.”

He explained that the project’s investments amount to 23 billion pounds, as the project will be built on terraces of gradual heights that will allow the largest number of units an open view of the sea. Delivery of the project will begin in 2027.

The Misr Italia Real Estate Company achieved contractual sales during the first half of the current year 2022, which amounted to 4.2 billion pounds, compared to 2.65 billion pounds in the first half of last year 2021, with a growth rate of 58%.

These results come as a continuation of the implementation of its sales plan, which it announced at the beginning of this year, which showed that the company achieved a remarkable growth movement in the level of its sales in all its projects, through which the company aims to achieve sales of 7.5 billion Egyptian pounds in 2022.

These results are a reflection of Egypt, Italy being among the top 3 real estate developers in East Cairo in terms of sales.

The company achieved great success in the sales of IL Bosco City New Cairo, where the project’s sales during the first six months exceeded one and a half billion Egyptian pounds, and the company completed the deliveries of the first phase of residential apartments in the IL started. Bosco New Capital Project in July.

The first half of this year witnessed the “Misr Italia” contract with a number of partnerships that had a clear reflection on the quality of the projects it develops, including its partnership with Honeywell International for the best solutions and modern technologies in all the company’s existing projects still under construction, through the application of Smart City technologies, including security technologies, energy saving techniques, and others

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