(MENAFN - Daily News Egypt) Living Yards Developments has obtained the ministerial approval for the development of The Loft project in the New Administrative Capital (NAC).
The company said the project spans over 23 feddan in NAC with investments of approximately EGP 2.5bn.
Additionally, more than 50% of the project's second phase's residential, commercial, administrative, were sold, the company added.
Hashem El Kadi, chief commercial officer at the company, said that the second phase's investments reached EGP 1.2bn.
Living Yards is currently preparing to start construction works in accordance with the recently approved engineering designs, he noted.
Regarding the Loft Capital Center, El Kady elaborated that the project has a prime location in the heart of the NAC, between the diplomatic district and expo area, with unit's sizes ranging from 42 to 350 sqm, while providing the project units with competitive prices to serve The Loft project's residences.
As the company provides a variety of unit spaces in The Loft residential project, it ranges between 89 to 386 sqm and customers are free to divide their space as they wish, with 0% down payment and a payment plan of 10 years.