< Arab Finance - News - Castle Development introduces Springfield with investment of EGP 450M

Market is closed

EGX 30 9,988.84 0.23%

Count Down to relaunch

Castle Development introduces Springfield with investment of EGP 450M

Castle Development introduces Springfield with investment of EGP 450M

ArabFinance: Castle Development, a real estate developer that focuses on developing high-value real estate projects, announced the launch of Springfield; the third phase of Castle Landmark at the New Administrative Capital. An upscale smart residential compound, Castle Landmark is the developer’s flagship project in partnership with El Makassa. With an area of 6 acres, Springfield offers a total of 238 unfinished units, with sizes ranging between 120 m2 and 285 m2, to be delivered by 2022. This phase will see an investment of EGP 450 million as well as special payment plans that reach 8 years.

“We pay close attention to customer and market needs and try to make sure our performance is responding to both by having a variety of options available. Springfield is our take on going back to basics; we are offering customizable units to customers who want quality, flexible homes. It is a product that is disappearing from the market,” said Eng. Ahmed Mansour, CEO of Castle Development. Apart from the a variety of payment options, prices at Springfield range between 10,000 – 11,700 per m2, “around 30% of our targeted customers make a purchase depending on unit prices, this phase offers less costly homes that allow for choices that align with customer priorities while providing access to the compound’s facilities and amenities,” he added. Units at Springfield are complimented with air conditioning extensions, steel windows, plumbing, and premium security systems.

Castle Landmark, ideally located at the R7 site, covers a total land area of 43 acres. The project’s convenient design incorporates barrier-free, fully equipped solutions installed in its infrastructure, allowing for trouble-free and practical movement. Adding to its unique value proposition, Castle Development contracted MIG, one of its sister companies, to carry out construction work for Castle Landmark, while Egyptian-German Okoplan Consulting Engineers, were chosen to do the landscaping. Moreover, a partnership with international insurance company, MetLife Alico was established to provide a two-year coverage to all units in case of fire, theft, and accidents.

The master plan introduces cutting-edge, ultra-modern design concepts that involve elements of nature in every aspect of its plan, where 81% of the land area is allocated to greenery and open space. A lineup of premium amenities and facilities, including a clubhouse, gym, comprehensive parking space, as well as commercial and recreational areas all adjacent to the city’s Green River, will be available for all unit owners.

Recommended Stocks

13 Jun 2022
Delta Sugar SUGR

All rights reserved to Arab Finance 2020 ©

Back to top