Ivory Investments intends to deliver the Ivory Business Park in Sheikh Zayed City in the first half (1H) of 2021, according to the company’s Business Development Director Amro ElFiky.
ElFiky added that the total investments in the Ivory Business Park, which contains 100 units and is located in Allegria, SODIC’s development in SODIC West, range between EGP 450m and EGP 500m.
The project spans over17,000 sqm and comprises seven buildings, four of which are commercial with a total area of 5,000 sqm. Unit spaces range between 80 sqm to 900 sqm, ElFiky noted.
He added that units allocated for sale totalled 4,000 sqm of the project, of which 2,000 sqm has been sold, with the rest to be leased.
Ivory Investments is looking to develop projects in other locations outside Cairo. It creates demand according to the nature of the site and the land, ElFiky said, adding that the company is looking for a new investment in the residential and commercial fields.
ElFiky said that the real estate market will evolve in the fourth quarter of the current year.