Capital Link Plans for Another EGP 200 mn Project in NAC

Capital Link Developments has confirmed plans to introduce its second real estate project in the New Administrative Capital (NAC), named “Dorado,” with investments estimated at EGP 200 mn, Invest-Gate reports.

Extending over an area of 2,216 square meters, the 10-story mixed-use complex will comprise a total of 174 medical, commercial, and administrative properties, with unit areas ranging from 24 square meters, Ashraf Badea, the company’s chairman, revealed in a press release in early December.

Located in NAC’s Downtown District, Dorado requires unit prices starting at EGP 20,000 per square meter, promising some fully-finished medical and office spaces, Badea further stated, noting that the fully-fledged development offers modern and luxurious interior designs.

According to the chairman, Capital Link’s newest addition comes following the successful sell-out of its first NAC project, or “Verona,” back in November, which is being developed with investments surpassing EGP 200 mn.

He also uncovered the company’s intentions to pump more than EGP 1 bn into a mix of new residential and non-residential projects across the country, in line with its ambitious plans to cater to different tastes, while also penetrating the Egyptian real estate market.