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Castle Development, El Makassa to develop Castle Landmark with EGP 5bn investments - Daily News Egypt

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Castle Development, El Makassa to develop Castle Landmark with EGP 5bn investments

Castle Development and El Makassa unveiled Castle Landmark residential compound located in New Administrative Capital


Castle Landmark is being built on an area of 41.5 feddans with a total investment of EGP 5bn and will be delivered by 2022.

Ahmed Mansour, CEO of Castle Development, said, “With the high level of competition comes an incessant need to stand out, which can be challenging for a lot of developers in Egypt; we are constantly trying to provide flexible, personalised, and customisable, high-quality options to our customers, which is why implementing the latest technologies and next-generation services is imperative to our success.”

Mansour added that the project is located at the R7 site within the New Administrative Capital, next to the British University.

Mansour pointed out that Castle Landmark offers fully finished units complimented with central air conditioning and premium security systems, alongside a line-up of premium amenities and facilities, including a clubhouse, gym, and comprehensive parking space, as well as commercial and recreational areas all adjacent to the city’s Green River.

Landscaped by Egyptian-German Okoplan Consulting Engineers, Castle Landmark introduces cutting-edge, ultra-modern design concepts that involve elements of nature in every aspect of its plan, where 81% of the land area is allocated to greenery and open space, according to Mansour.

He noted that the New Administrative Capital, being one of Egypt’s upcoming fourth-generation cities, promotes the sustainable use of resources across its array of residential ventures.

“Castle Landmark is no exception, as all 1,800 units combine efficiency and premium quality solutions with a 70% dependence on solar energy,” Mansour added. “The New Administrative Capital is set to host a smart community of 7 million residents that use modern and advanced systems as the basis for management across 700 sqkm.”

For his part, El Makassa Chairperson Mohamed Abd El Salam said that the proportions of Castle Landmark, as well as the city surrounding it, have had a great influence on the company’s approach in building integrated real estate services. In addition to varying modules and unit sizes ranging from 120-300 sqm, the project’s convenient design incorporates barrier-free, fully equipped solutions installed in its infrastructure, allowing for trouble-free and practical movement.

Castle Development is a sister company to ABC for Real Estate Development, which was founded in 1982 in Jeddah, Saudi Arabia.

Castle Development focuses on developing high-value real estate projects, including residential, commercial, and administrative developments.

The company has a paid capital of EGP 1bn, and is investing EGP 8bn in the New Administrative Capital alone.

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