Asaad added that the project's investments are estimated at approximately EGP 7 billion and include 1,477 units. Approximately 30% of the project has been completed so far, and the first phase, comprising 386 units, is scheduled to be delivered next year.
The "40 Square" project is located in the Investors' District - the first offering. It extends over an area of 40 acres in a strategic area near the Green River, the government district, and a number of major infrastructure facilities.
The Special Group assigned the task of marketing the project to Mint Real Estate Asset Management Company, one of Al Ahly Sabbour’s companies, in accordance with the agreement concluded last March, which stipulated that Mint assume full responsibility for managing all of the group’s new real estate assets and projects, starting with the 40 Square project.
Dr. Tamer Erfan, Chairman of Mint Real Estate Management, said, “This partnership represents a strategic step that is fully aligned with our vision of developing projects that represent real and sustainable investment value, especially in light of the challenges currently facing the market.