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K Developments boosts growth with Palencia Plaza, a 1.5 billion EGP mixed-use project in Al Shorouk City

Palencia Plaza Al Shorouk | K Developments Project

Palencia Plaza Al Shorouk is a new mixed-use project launched by K Developments in the heart of Al Shorouk City.

The project includes commercial, administrative, and medical units. It reflects the company’s expansion strategy and its focus on high-growth urban areas.

Palencia Plaza Al Shorouk enjoys a prime location in one of the most vibrant areas of Al Shorouk City. It is only five minutes from Suez Road and Ismailia Road. Moreover, it is 10 minutes from the Ring Road and New Cairo. In addition, it is 15 minutes from Ain Sokhna Road.
The project is also close to Madinaty Open Air Mall, the French University in Egypt (FUE), and the British University in Egypt (BUE). Therefore, it offers strong operational and investment potential.
The project offers a fully integrated development. It combines commercial, administrative, and medical units in one destination. In addition, it includes entertainment and lifestyle facilities. As a result, visitors can meet daily needs and enjoy leisure activities in one place.
The project covers 6,000 sqm and is located directly on Al Horreya Street. It sits opposite Carrefour and near major schools and universities.
Palencia Plaza was designed by YBA under Eng. Yasser El-Beltagy. The design follows modern international standards. Moreover, it balances simplicity, elegance, and functionality.
The project consists of a ground floor and three upper floors (G+3). It offers:
  • Clinics: 29 to 235 sqm
  • Administrative units: 34 to 96 sqm
  • Commercial units: 35 to 290 sqm
Administrative and medical units come fully finished with air conditioning.
Palencia Plaza Al Shorouk includes a wide range of services. These include:
  • Sky plaza for retail and entertainment
  • Electric vehicle charging stations
  • CCTV surveillance systems
  • Gym and health club
  • Modern elevators
  • Underground parking
  • Prayer rooms
  • Backup generators
In addition, a specialized company will manage and operate the project.
K Developments offers flexible payment options for Palencia Plaza Al Shorouk. Plans start from a 10% down payment with installments up to 7 years. Alternatively, clients can pay 20% down with installments up to 8 years. Cash buyers can also benefit from special discounts.
Eng. Omar El-Fayoumi, Chairman of K Developments, stated that Palencia Plaza Al Shorouk supports the company’s expansion plan. He explained that Al Shorouk City is one of Cairo’s fastest-growing areas.
He added that the city has high occupancy rates. Therefore, demand for commercial, administrative, and medical projects continues to grow.
Palencia Plaza Al Shorouk builds on the success of “Palencia Al Shorouk.” The residential project spans 10.5 feddans with EGP 3 billion investments.
It includes 17 buildings, with 70% of phase one already completed. The company plans full delivery soon.
K Developments targets EGP 2 billion in sales in 2026. In addition, it plans new projects in the North Coast and New Cairo.
Eng. Omar El-Fayoumi has over 15 years of experience in real estate development. He has delivered more than 1,000 residential units. His leadership focuses on quality, innovation, and long-term value.
Palencia Plaza Al Shorouk represents a strong addition to Egypt’s real estate market. It combines location, design, and services in one project. Therefore, it offers a solid investment opportunity.

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