La Verde expects EGP 3bn in sales at New Capital’s Casette

La Verde Developments announced the launch of the La Verde Casette project in the New Administrative Capital (NAC), with expected sales of 3 billion Egyptian pounds, according to Chairperson Ibrahim Lasheen.

He added that the company has  increased its total investments to 5 billion pounds distributed over two projects.

Lasheen said that the 60 feddan project is the company’s second in the NAC, and is being constructed on  800 million pounds worth of land of which only 10 percent will be built up.

He also added that the compound will be developed within four years according to the requirements of the Administrative Capital for Urban Development Company (ACUD), the master developer behind the NAC project.