Elite to launch New Cairo’s commercial, administrative project early 2019

Egyptian Elite Real Estate Consultancy is preparing to launch a commercial and administrative project in New Cairo by early 2019, its chief executive said on Tuesday.

Elite is planning to achieve 1.2 billion Egyptian pounds ($66.8 million) in clients’ sales before the end of the current year, Ahmed Ashry added.

“The company’s total project portfolio reaches around 40 real estate firms for more than 80 projects in various activities,” Ashry said.

Moreover, Elite is expecting to complete selling its medical, administrative, and commercial flagship, The Core in New Cairo before March 2019, with target sales of 100 million pounds, he added.

“We have sold around 70 percent of The Core this year,” Ashry said. The project is spanning over 1,700 square metres on a built-up area of 4,000 square metres.