Based on its achievements previously, "Mountain View" announced the launch of a new phase in “Chillout Park”, which is “Lake Side Villas”, which will be built on an area of 53 acres with investments worth 3.5 billion pounds. This stage consists of special villas with areas ranging from 185 to 500 square meters. The villas are designed to include three different heights, up to 18 meters, overlooking a central park, and the uniqueness of the phase is also presented in the large green spaces and lakes extending all over it, in addition to spaces designated for walking and meditating.
Chillout Park includes investments of nearly 15 billion pounds. It is built on an area of 216 acres, and includes 1,957 housing units. The company has delivered more than 550 units in the project, as it is already a livable project.
Referring to Mountain View's strategies, Chairman Eng. Amr Soliman revealed that the company is constantly looking for ways to sustain its revenues and increase its assets from projects, especially the non-residential.
Furthermore, Soliman stated, “The client has become more aware and involved in the Real Estate market, and we started turning our promises into tangible projects and facilities. Therefore, we have partnered up with Egypt Learning Group to introduce HaileyBury School in Icty, for its first time in the Middle East, with investments worth EGP 500 million. Which goes in parallel with our keenness to provide outstanding educational levels in our compounds, leading to happier communities”.
Icity is considered the first project to be implemented according to the four-dimensional system according to international standards. It includes smart solutions that separate the movement of individuals in residential areas from cars, to create a safer and quieter society. The company is aiming to deliver 380 units of the first phase of the project in the fourth quarter of 2021, as all facilities are currently available at the project. Also, the company is seeking to invest a total of 650 million pounds in construction during 2021.
It is noteworthy that the company achieved sales of 10 billion pounds in 2020 exceeding its annual expectations. In addition to signing a strategic cooperation agreement with "Huawei Technologies" to develop the infrastructure across "I-City" projects, making it the first happy, interactive smart city in Egypt.
© Press Release 2021