Misr Italia Properties Launches its latest Commercial Project «Radical-1» in IL BOSCO at the New Administrative Capital
with Investments up to EGP 6 billion
Misr Italia Properties, a leading real estate developer in Egypt, has announced the launch of its latest commercial and administrative project, Radical-1 in the New Administrative Capital’s IL BOSCO. Situated at the heart of Mohamed Bin Zayed Street at the New Capital, and with a total investment of EGP 6 billion, the project spreads over an area of 17 feddan. Through adopting state-of-the-art smart technologies, Radical-1 aspires to revolutionize the scene of mixed-use projects, leveraging cutting-edge solutions, offerings, and services to deliver flexible, customizable units, offering an innovative business experience.
Accessible through two main entrances, the project encompasses 19 buildings with a built-up area of 64,000 m2. Radical-1 possesses a diverse lineup of products including flexible indoor and outdoor office spaces, taking up the first and second floors and offering units with customizable sizes ranging between 45 m2 and 367 m2, that can be easily connected to other units to create larger spaces as well as boutique office buildings with unit areas starting at 413 m2, with a private entrance and lobby area. Another distinctive product offered at Radical-1 is its signature office spaces that feature a set of indoor units with sizes starting at 45 m2 and reaching 144 m2 with high ceilings reaching 4.25 meters high, private signage, ground floor components & with exclusive outdoor space starting at 19 m2, maximize the utilization of the surrounding services and amenities.
“Misr Italia Properties is actively expanding its investments in the development of administrative and commercial projects. MIP has a proven track record of developing premium quality commercial, business and innovation hubs, chief among them are Garden 8 and Cairo Business Park,” said Mohamed Khaled El Assal, CEO and Managing Director of Misr Italia Properties. He further added that “our achievements are bolstered by strategic partnerships with major companies specializing in administrative offices, such as CallisonRTKL, who master planned Radical-1 project, combining nature and contemporary design elements in an innovative, and environmentally responsible product that overlooks IL BOSCO Commercial platform including the Vertical Forest, the first of its kind in the middle east and Africa, ultimately providing a unique work experience. Units at Radical-1 possess glass facades and curtain walls that take advantage of natural light throughout the day, thereby reducing energy consumption by minimizing reliance on artificial sources of light.”
In that light, Mohamed Hany El Assal, CEO and Managing Director of Misr Italia Properties, stated that “Misr Italia Properties is committed to expanding into the development of innovative residential, administrative, and commercial projects that support creativity and entrepreneurship in Egypt. We leverage our expertise in administrative real estate development to create places that empower emerging companies and innovative business leaders. The launch of Radical-1 in the New Administrative Capital is a testament to this commitment.” He then added, “Our strategy revolves around prioritizing customer satisfaction, as they are the driving force behind our innovation. Customers have the greatest influence on the implementation of each project, as we draw inspiration for developing advanced office buildings from the insights we consistently collect from our customers. To embody our vision “Life Inspired By You”, we introduced Radical-1 featuring advanced technology systems that enhance productivity and create a more efficient work environment, providing shared and diverse workspaces, along with a variety of flexible unit and office spaces.”
Overlooking IL BOSCO Commercial platform, which includes the Vertical Forest as well as the New Administrative Capital’s Iconic Tower, Radical-1 stands as an integrated, self-sufficient business compound with a substantial retail component, fine dining, and exquisite retail experiences, ultimately providing tenants and investors with diverse and flexible office spaces that meet the growing needs of startups and entrepreneurs in various fields.
