In a move that confirms its confidence in the Egyptian real estate market and the New Administrative Capital as a prominent investment destination, Squares Developments announced the launch of its third project in the New Administrative Capital, "Sage Lakes Residence," with total investments amounting to EGP 15 billion. This reinforces the company's expansion plans to diversify its investment portfolio and acquire a larger customer base.

For his part, Eng. Talat Georgios, Chairman of Squares Developments, emphasized that the Administrative Capital has proven over the past years its ability to attract major companies and investors, thanks to its robust infrastructure, advanced urban planning, and ongoing government support, making it a prime investment destination for serious companies.

During the company's press conference, he explained that the "Sage Lakes Residence" project represents a qualitative leap in its projects, in terms of its distinguished strategic location, innovative architectural design, and collaboration with strong, successful partners to ensure the implementation of a project that enhances the company's position as one of the leading companies that has captured customer satisfaction through a long history of distinguished projects in the real estate market.

He said: "This project is part of an ambitious expansion plan that we are working to implement vigorously, based on its previous experience, strong financial solvency, collaboration with strong success partners, and the use of strong human resources in various sectors within the company. Our next project is planned for the North Coast to ensure the greatest possible diversity in its investment portfolio."

Haroun Abdel Ghani, the company's head of commercial operations, confirmed that the Sage Lakes Residence project includes units of varying sizes, ranging from studios to duplexes and villas up to 258 square meters. There is a dedicated villa area surrounded by large artificial lakes. The project also includes a mosque and a church, emphasizing the country's recent commitment to social cohesion and national unity.

The project also includes a commercial section comprising administrative buildings, medical clinics, a pharmacy, and all the services a family needs. The project offers a variety of services.

He explained that these services include a large parking area and a clubhouse on the rooftop of each building in the project, as well as a jacuzzi, sauna, and two clubhouses, ensuring the highest standards of quality of life and luxury in the project, as the company aims to serve and meet the needs of two generations of targeted customers.

He stated that the company is offering the first phase with a down payment starting from 2.5%, with the remainder to be paid over 10 years. This is a carefully considered payment plan to ensure the interests of both the customer and the company are preserved. The commercial sector conducted market studies on target customers and payment systems that suit them to arrive at flexible systems that suit customers.

He pointed out that the company aims to increase its investment portfolio to EGP 22 billion in the coming period, which relies on seriousness, strong experience, and distinguished financial solvency, in addition to an attractive investment climate that supports the expansion plans of ambitious companies. He noted that clients now have the ability to choose amidst the fierce market competition, based on the company's track record and its commitment to implementation and delivery, which are elements of success possessed by Squares Developments.

Engineer Hany Georgios, Vice Chairman of Squares Developments, pointed out that the "Sage Lakes Residence" project is located on an area of approximately 33 acres in a strategic location in the R8 area of the New Administrative Capital. The project is directly opposite a large services area and near a sports club and a university. The company is collaborating with strong entities, namely Hafez Engineering Consulting Office and the International Project Management Company.

He emphasized that selecting experienced and competent partners reflects the company's commitment to providing an integrated real estate product that adheres to the latest sustainability and innovation standards and ensures the best investment value for clients. It also reflects the company's attention to the smallest details of design and implementation, ensuring the project is executed in a manner befitting its name, distinguished history, and the proven track record of its founders.

Eng. Mina Maher, a member of the board of directors, explained that the "Sage Lakes Residence" project is an integrated residential project that includes a commercial component and a diverse package of distinguished services that guarantee an exceptional quality of life and luxury offered by the company to its clients. The company is targeting EGP 5 billion in sales from the project's first phase.

He added that the company is offering clients a project that combines all the advantages of a single location within the Administrative Capital. Construction is scheduled to begin during the first quarter of next year, he said. Implementation, delivery, and diligence are essential elements upon which the company relies in all its projects, maintaining its leading position and customer satisfaction.

Engineer Mohamed Hafez, Chairman of Hafez Consulting, said, "At Hafez Consulting, we are committed to providing engineering designs that reflect a comprehensive vision that combines architectural beauty with operational efficiency. This maximizes space and gives the project a distinct architectural identity in the heart of the New Administrative Capital."

He pointed out that the collaboration with Squares Developments aims to develop an innovative vision that guarantees a sophisticated urban experience that meets customer aspirations and is in line with global urban development standards, while aligning with the expertise and work history of both parties.

Tarek Fahmy, the company's general manager, continued, saying that the collaboration with Squares Developments comes within the framework of a strategic cooperation aimed at maintaining an integrated project based on the highest quality standards in implementation, management, and operation. His company is responsible for managing and operating the project, preserving a real estate product that adds real value to the Egyptian market and to the work history of both parties.

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