PARKLANE has sold 90% of Phase 1
El-Attal Invests 150 M EGP to build PARKLANE during 2021
PARKLANE Phase I sold 90% of its units, with 50% of construction is completed
El-Attal Holding's PARKLANE Phase I to-be-delivered in 2023
El-Attal Holding, one of the renowned Real-Estate companies in the residential, industrial, and commercial sectors, recently announced that their debut project in the New Administrative Capital (NAC), "PARKLANE" has sold 90% of Phase 1, 95% of Phase 2, and 90% of Phase 3.
Furthermore, 50% of the construction of Phase 1 is done, and is planned to be fully completed throughout this year, along with 15% of Phase 2. Master planned with social synergy in mind, "PARKLANE" maintains privacy, inclusivity, hobbies, and routines flowing in total equilibrium.
The project is built on 27 Acres of land in 4 phases. The project allocated a total of 4 B EGP and would deliver parallel to the construction of the commercial mall in Q1 of 2024.
"PARKLANE" is strategically located in NAC's R7 district (D-2). Among other acclaimed developers, R7 district was chosen by El-Attal Holding as it is one of the 1st residential areas soon-to-launch in NAC.
The project's location provides easy access to acclaimed academic establishments such as the Swedish University, parks, retail, and freeways. It consists of 4 phases, 15 buildings each.
The project is a mixed-use compound that includes administrative and commercial units. The project features a total of 1100 units including duplexes, penthouses, and studios, along with administrative and commercial units. It will comprise units with sizes ranging from 115-355 m2, with Phase 1 includes special units with sizes ranging from 90-190 m2.
Inspired by the stunning English architecture, taking its name from the well-known street located in the heart of London, El-Attal Holding offers their residents an unparalleled lifestyle. The compound's astonishing design is enhanced by the abundance of fantastic amenities, excellent security, and lively community, all with an eye for privacy.
"It has always been our desire to deliver closely studied architectural services to provide beyond perfect neighborhoods with comfort, enjoyment, luxury, and innovation in mind" said Eng. Ahmed El-Attal, Chairman of the Board of Directors of El-Attal Holding. He continued: "We saw The NAC as the perfect place to hold "PARKLANE".
Chosen for its credibility, NAC has a high ROI along with the rapid and continuous positive activity of the real estate sector we have witnessed. The company has invested more than 250 M EGP in construction activities over the last year, and injected 150 M EGP to drive development works forward through 2021.
Furthermore, ATTCON Construction, our building arm, has developed a central mixing station with a production capacity of roughly 6000 m2 to fulfill all of the project’s needs."
On another front, El-Attal stated that "Bayside" would deliver in 18 months in Ras Sudr, South Sinai while expecting 500 M EGP in sales for the mini-compound by the end of 2021. With 1 B EGP in investments, "Bayside" covers 7 acres of land, and consists of a 40-room hotel, with 170 fully serviced apartments.
With "Bayside" being at the finishing phase, construction work has been concluded. Moreover, El-Attal Holding collaborated with the Chairman of the Board of Directors of Yasser Al-Beltagy Engineering and Architectural Consultancy for his long rich experience; along with Eng. Hany Saad, CEO of Hany Saad Innovations to work on the interior design of "Bayside" units and facilities.
Not to mention the project's user-friendly managerial facilities. Clients, with absolute ease, can list their units for rental and the managerial staff can lease them for any time of the year. Ras Sudr, with its untapped natures and the top-notch modern architectural expertise, would transcend "Bayside" from vision to reality.
Furthermore, El-Attal emphasized Ras Sudr's growing infrastructure development as an opportunity: "Ras Sudr is a vital and promising location as it's a hot-spot for investment. An uncharted location from the past, we aim to rediscover it with upcoming generations." Moreover, He continued that most recently, new roads and tunnels have been constructed in Ras Sudr as part of a government plan to rebuild and revitalize the entire Sinai Peninsula. Therefore, the city would be easily accessible from the reduced time of travel. Thus, "Bayside" would contribute to facilitating an exceptional place that attracts tourism along with investments.