Misr Italia is launching new commercial units in its Italian Square project in New Cairo this month.
The project will follow the new “income properties” concept, wherein the company offers to manage and lease units on behalf of owners, generating high investment revenues and helping to boost the economy by stimulating the real estate market.
Italian Square New Cairo is built over 44,480 sqm, providing all basic needs and services. This extension comes after the success of the project in 6th of October City and it is a part of Misr Italia’s expansion plan in Egypt. The plan also includes launching a new project in Ain Sokhna and developing 2.5m sqm in Mousa Coast.
“We are studying the needs of our customers and the requirements of the real estate market, which remains one of the safest investment opportunities. This is how the concept behind Italian Square emerged,” said Mohamed Hany El-Assal, board member of Misr Italia.
“With the establishment of commercial compounds at many strategic areas in new urban communities, serving as an excellent model of the new real estate investment opportunity, Italian Square offers the latest management and investment services by renting and managing commercial units on behalf of unit owners,” he added.
In addition to the aforementioned projects, the company also owns La Nuova Vista in New Cairo and the Italian District in 6th of October City.