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Grand Plaza debuts La Mirada Plaza mall with EGP 400m expected sales - Daily News Egypt

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Grand Plaza debuts La Mirada Plaza mall with EGP 400m expected sales

Company has achieved EGP 850m in 2019 sales, says chairperson

Grand Plaza for Real Estate and Touristic Investment is offering units at La Mirada Plaza mall, in New Cairo, with targeted sales of EGP 400m, which includes commercial units, administrative offices, and medical clinics.

Grand Plaza Chairperson Sherif Osman said Grand Plaza has completed construction works for the project, with investment costs worth EGP 250m, pointing out that the company has begun work on interior finishes of the commercial mall.

Osman added that the interior finishing works in the La Mirada Plaza cost EGP 60m, noting that it is planned that the company will complete the final touches and hand over the units to customers within 15 months.

La Mirada Plaza spans over 3,850 sqm, and includes commercial units with areas ranging from 60 to 350 sqm, medical clinics with areas ranging from 35 to 300 sqm, and administrative offices with an area of up to 300 sqm.

La Mirada Plaza represents a commercial, administrative, and medical front for the La Mirada New Cairo project, which is built on an area of 22 feddan, and the company has completely finished selling it, delivering over 95% of the project’s 608 housing units, he said.

He further explained that the company has achieved EGP 850m in sales in 2019 and about EGP 300m of investments have been directed into construction works in 2018, saying, “EGP 200m were directed to construction works in 2019. The expected investments in 2020 are valued at EGP 220m.”

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