cred, one of the leading real estate developers in Egypt, launches “ever” project in West Cairo, in collaboration with the New Urban Communities Authority, on an area of 40 acres with EGP 9 bn of investments.
“ever” is a mixed-use development comprising residential, commercial, administrative, and medical and hospitality components under one roof.
The total built-up area of “ever” amounts to 220,000 sqm and comprises 42 buildings, 36 of which are residential buildings.
Moreover, the project is located on 26th of July Corridor in West Cairo with easy access from all directions.
The total sales are expected to reach EGP 10bn and the project will be completed in 6 years.
“In the last couple of years, cred was able to occupy an outstanding position in the Egyptian real estate market. We were among the very first real estate developers to execute remarkable projects in the NAC,” Ahmed Mansour, CEO of cred, says.
Additionally, the architectural designs of “ever” have been done by some of the leading architectural offices, including YDG, Ismail El Habrouk Architects, ACE Moharram Bakhoum.
The project features a total number of 1,000 residential units. 500 of these units are autonomous, ground and 4 floors with different spaces, and open views of many spectacular landscapes, with flexibility and ease of entry and exit in complete safety.
The remaining 500 units are serviced apartments in a separate 36-meter mixed-used tower.
The commercial and administrative units are constructed on a total area of 20 acres with 1,200 units consisting of 6 buildings ground and 3 floors, with a separated façade and gates away from the residential area, in addition to the commercial and administrative units of ground and 9 floors in the mixed-use tower.
Furthermore, the upper floors of the administrative buildings are dedicated to a package of modern, diversified services and advanced technology infrastructure, offering an attractive, healthy and excellent work environment. The commercial units are located in the lower floors and have its own dedicated services.
It is worth noting that cred is already developing a number of projects including three projects in the NAC, Castle Landmark, East Side and another commercial project being currently executed and “ever”. The real estate developer aims to provide premium real estate products that are able to compete locally, globally, while addressing the needs of customers.
