ArabFinance: Hyde Park Developments announced that it has sold out the first phase of the Garden Residence project in New Cairo, Al Mal News reported on June 9th.

The company is now ready to launch the second phase of the project.

Spread over an area of 28 feddans, the project is one of the companys recent project in 2021.

With total investments of EGP 40 billion, Hyde Parks project is spanned over an area of 6 million square meters, divided into eight different phases.

The project features around 20,000 units, besides other administrative and commercial projects.

The projects last phase is scheduled to be delivered in 2030.

Established in 2011, Hyde Park is jointly owned by an esteemed consortium of Egyptian investment and development companies and institutions, all of which are well-established and highly credible in the local market.

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