Capital Hills Developments launches «East Point 1 Mall» mixed-use project in New Cairo

Capital Hills Developments – one of the leading real estate companies in the Egyptian market – has launched “East Point 1 Mall” on an area of 2,582sqm in the Fifth Settlement, at EGP 1 bn investments

Mohamed Salah, Chairman of Capital Hills Developments, said that East Point 1 Mall is a mixed-use project and located in a prime location in the Fifth Settlement.

He added that the four floors project comprises of commercial and administrative units of different sizes and flexible payment systems that suit all customers and up to 10 years, pointing out that the company has contracted with one of the largest consulting offices to implement the project, and “East Point 1 Mall” has great advantages that make it capable of To compete in that privileged location, as all its units have a facade on the main street.

“East Point 1 Mall” project is located near the Air Force Hospital, next to the New Cairo Court and the Central in the most busy areas throughout the day. The project includes the largest sports gym, hypermarket and major brands, in addition to the first cinema complex in the five neighborhoods.

He pointed out that the project is scheduled to be delivered by the end of 2025, as the company relies on a strong strategy that focuses on adhering to fast implementation rates to deliver customers on time.

Mohamed Salah emphasized that the project applies the highest international quality standards and takes into account environmental sustainability, energy saving and space utilization to provide a different real estate product that is capable of competition, as it matches customer requirements, and provides modern designs and special technological solutions for business owners in multi-activity projects, indicating that the company relies on A vision and strategy that helps it deliver projects that suit different segments of customers.

He stressed that work is underway on all of the company’s projects without interruption, and the construction work at the Park Yard Mall on the 6th of October is nearing completion, and the company is preparing to launch new projects during the current year with a volume of investments greater than the existing projects.

For his part, Ahmed Salah, General Manager of Capital Hills Developments, said that his company is present in the real estate market with five huge projects, three of which are in the New Administrative Capital, namely POINT 9, POINT 11, and PARK POINT, and two projects in 6th of October City, namely PARK YARD and WIN PLAZA, at investments of about EGP 5bn.

He added that Capital Hills succeeded in achieving 2 billion pounds in sales during the year 2022, and aims to double the value of sales during the current year.

Ahmed Salah indicated that the company is studying the real estate market well to identify the needs of customers before starting its projects, so that the company’s projects coincide with the needs of the market, which helps it achieve high completion rates and the success of its marketing plans in achieving its goals.

He stressed that the recent incentives approved by the Council of Ministers to support the real estate sector are able to push the market and encourage developers, especially in light of the current economic conditions and the successive and rapid increases in building materials and costs.