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Four Season Group launches fifth project in NAC with EGP 2 bln investment


Sat 13 Mar 2021 | 03:57 PM
H-Tayea

Four Season Group for Real Estate Development has launched its fifth project in New Administrative Capital (NAC) dubbed Floria in R8 over 23 fedans.

In a press conference held on Saturday, the CEO of Four Season Group Michael El Asyouty said,” Floria is close to the largest four international hotels, universities, schools in R8.”

El Asyouty added that Floria is a full-service residential compound with a built-up area that doesn’t exceed 22% of the total project size and the rest area is allocated for green spaces, services, and privacy for residents.

He noted that the project is pided into five phases with investments amounting to approximately EGP 2bn and targeted sales worth roughly EGP 2.5bn.

The compound includes apartments and duplexes with different areas ranging from 120 sqm to 330 sqm, and the company also offers opening prices and special offers for owners starting from EGP 8,500 per square meter and a payment plan up to 12 years without interest.

“The company aims to establish Floria Compound in the R8 area due to its proximity to the diplomatic district, exhibition grounds, medical district, Cathedral, universities, and the Opera House, he elaborated.

Four Season owns projects in the New Administrative Capital, namely, Blue Mall,  Seventeenth Mall, Evira Mall, and Rixos Mall, with modern designs and facades that meet all customer needs.