El Attal Holding announces starting the establishment of the first phase of its flagship Park Lane Compoundhood in New Administrative Capital with total costs of 350 million Egyptian pounds, its Chairman, Ahmed El Attal said.
Park Lane Compoundhood spans over 26 acres in R7 in the New Administrative Capital (NAC) close to the Swedish and British universities and the diplomatic district.
He also noted that the company will finish the project by 2023, adding that the project comprises 1,100 different housing units to meet all consumer needs such as studios, duplexes, and penthouses.
El Attal Holding achieves sales of 750 million Egyptian pounds for the residential units while posting sales of 180 million pounds for the commercial.
The project features European-style designs while preserving the classical character of Egyptian architecture in distinctive colours which will not be affected by climate changes, he elaborated.