In a statement, Living Yards said the partnership will
strengthen its position as a leading real estate developer. Lemon Spaces will
manage the project according to the highest hospitality and service standards.
The project presents a strong investment opportunity, with expected returns of
up to 17 percent.
The Solay project covers 32 acres in the Golden Square area
of New Cairo. It includes villas, twin houses, and townhouses surrounded by
greenery and water features. These elements occupy about 80 percent of the
total project area.
Living Yards operates in Egypt’s real estate market with a
diversified portfolio of projects. Its developments include The Loft, The Loft
Plaza, and The Loft Downtown in the New Administrative Capital. The company has
also launched Noir and Solay in New Cairo. Total investments exceed EGP 21
billion, while revenues have surpassed EGP 40 billion.