- Launch of “THE MEADOWS” supports the company’s expansion plans and reflects commitment to market
While real estate developers are preparing to deliver their projects in the New Administrative Capital (NAC), Misr Italia Properties is the first real estate developer in the private sector to deliver their project IL BOSCO ahead of schedule in 2020 instead of 2021, reflecting the company’s commitment to contributing to the Egyptian dream of the NAC, despite all challenges.
“We realize how time plays a crucial role in the delivery of such a sizable project with outstanding quality. We have dedicated immense efforts to the development of the first phase of IL BOSCO to offer top-notch housing and commercial services to our customers. This only reflects the commitment of Misr Italia Properties towards fulfilling the dreams of its clients and continuously seeking to offer the best customer experience in the real estate market. We have succeeded in becoming the first real estate developer in the private sector to start deliveries in the NAC; we are set to deliver the first phase of IL BOSCO which includes twin houses and standalone villas.” stated Mohamed Khaled El Assal, CEO and MD of Misr Italia Properties, who also added “The company aims at providing a fully integrated project fully immersed in nature. The project integrates a multi-purpose area in its heart overlooking the dense green forests known as the “Green River”, to become a distinguished, exclusive destination for nature lovers.”
Moreover, the company launched a new phase in Il Bosco “The Meadows” which comprises limited units of Standalone Villas, Town Houses, Twin Houses, and Deluxe Apartments. Misr Italia Properties offers payment and installment plans that enables customers to pay 5% down payment with equal installments on long periods that reach up to 9 years.
The Town House concept has been the most recent addition brought to the residents of Il BOSCO for the first time in “The Meadows” to enjoy mesmerizing views of the Vertical Forest and The Creek, and in proximity of the club and the commercial plaza. This special view is characterized by being open on wild, seasonal plants and flower gardens that add to the overall enchanting feel of the area all year long. All this taking place using the latest techniques of modern urban architecture that inspires and creates an environment combining architecture with nature.
Misr Italia Properties has put in place a fast-paced plan; enabling it to become the first real estate developer to deliver units in NAC. To achieve this, Misr Italia Properties has collaborated with 8 of the biggest contractors and consultants who have now completed the concrete work of 350 Villas and currently working on finishing the outer works and facades.
Regarding the second phase of the project, 86% of the concrete structure of the villas has been finalized. Last February, the company arranged customers’ visits to the site of IL Bosco, to show clients the latest updates of their units and follow up on the development and construction process in person. They have also had the chance to check mockups of the villas and the twin houses and know what their future homes will look like within IL BOSCO, uniquely situated on the Green River and Mohamed Ben Zayed Axis as well as being in proximity of the Opera House, Exhibition Center, The Government District and the Presidential Palace.
Misr Italia Properties brings IL Bosco with a total investment of EGP 16 bn, on an area spanning over 207 acres, in the heart of the New Administrative Capital. The project includes a residential area, a commercial area, a gym, a clubhouse, with vast green areas making IL Bosco one of the largest environmentally friendly projects in Egypt.
Misr Italia Holding has been at the vanguard of developing Egypt’s leading real estate market for years. It is known for providing paramount projects for residential, commercial, coastal and hospitality properties across Egypt. Misr Italia Holding has grown to become one of the largest developers with total investments of 68 Billion EGP over the coming 14 years. The company’s land bank totals to 11 Million meters square across Egypt with 11 residential projects, 9 commercial projects, 5 luxury hotels and 6,000 delivered units. Flagship projects include IL BOSCO, The Vertical Forest, VINCI & VINCI Street in the New Administrative Capital, La Nuova Vista, Garden 8 & Cairo Business Park in New Cairo, Kai Sokhna, Kai Sahel, IL BOSCO City in Mostakbal City, Hilton Ain Al Sokhna and Hilton Garden Inn.
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© Press Release 2020
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