Lozan City Improvement Group (LUD) has introduced distinctive gross sales of EGP 2.5bn from its revolutionary mission, The Rift Enterprise Park, which is positioned in east Cairo between the gates of Mostakbal Metropolis and the New Administrative Capital (NAC).
Adel Abdel Moneim, the chairperson of LUD, mentioned that the corporate launched its mission, The Rift, in partnership with El Rabwa Group within the second quarter of 2023. The corporate launched the primary and second phases of the mission all year long because of the excessive demand.
He mentioned that the corporate plans to launch the mission in 5 gross sales and advertising phases and has accomplished 85% of the primary and second phases.
He additionally mentioned that the corporate plans to launch the third part within the second half of 2024, together with the beginning of excavation and building work within the mission. The corporate goals to ship the enterprise park on schedule.
Furthermore, LUD plans to speculate EGP 1bn in building within the present yr to hurry up the development course of.
The Rift Enterprise Park is a industrial, administrative, medical, and leisure mission in New Cairo. It has the primary and largest plot in Mostakbal Metropolis and the primary plot on the Mohammed bin Zayed axis. It’s instantly on the Center Ring Street, masking 70,000 sqm.
The mission has two elements: the primary half has 27% of the realm for outlets, administrative workplaces, and medical clinics. The primary constructing has a floor ground and three higher flooring. The second half has 32% of the realm for industrial properties solely on the bottom ground and two higher flooring.
Abdel Moneim mentioned that the corporate has contracted with a coalition of firms that features senior consultants, equivalent to Mohamed Talaat, the engineering advisor for the mission, and KAD, the chief within the subject of operation and administration of business tasks. The corporate has additionally contracted with JLL, a property consultancy firm, Shaker Group, one of many largest electromechanical firms, ETQAN Enterprise Improvement for monetary and advertising research, AZ Studio, one of many branding firms in Egypt, and Silver Display screen, the promoting firm and the official promoting agent for the corporate.
