ArabFinance: Egyptian real estate company Lions Group acquired six land plots on the Cairo-Alexandria Desert Road to carry out a project at an estimated cost of EGP 50 million, the firm’s Managing Partner Nabil Qirat told Zawya Projects.

Located in the 6th of October City, the development consists of a residential complex comprising two clusters of three buildings each, Qirat added

Construction of the project, which has 48 total units, is scheduled for commencing by March 2021, he added.

Lions Group is currently developing another eight residential buildings of 96 units in Hadayek October at a total investment of EGP 50 million.

The project reportedly will offer mini-compounds that include apartments, duplexes, and penthouses of different sizes.

Qirat noted that the real estate developer has entered negotiations to acquire a plot on the North Coast for a residential project, with an estimated launch in June 2021.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.