Latest news with #RockDevelopments
Zawya
07-07-2025
- Business
- Zawya
Rock Developments unveils Rock Green project in New Heliopolis with $141mln investment
Rock Developments has officially announced the launch of its newest residential project, Rock Green, in New Heliopolis City, with total investments reaching EGP 7bn. The development spans 17 feddans and reflects the company's broader strategic vision to expand and diversify its real estate portfolio across Egypt. Emad Doss, CEO of Rock Developments, stated that Rock Green will feature over 466 residential units ranging in size from 116 to 236 square meters, in addition to 40 private villas. The project is set to be implemented in three distinct phases. Parthena Doss, board member at Rock Developments, revealed that the company is targeting EGP 1.5bn in sales from the first phase alone. She further noted that the company's land portfolio now exceeds 5 million square meters, encompassing more than 20,000 units spread across ten large-scale developments, with a total investment value surpassing EGP 20bn. Rock Developments also holds the distinction of being the largest developer in Sheraton Heliopolis, with over 70 residential and commercial buildings completed to date. The company operates as a joint Egyptian-Canadian venture with more than 45 years of experience in the local real estate market. Rock Developments has built a robust and diverse portfolio across Greater Cairo. Its residential projects include Rock Green and Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October City, Rock Ville in Obour, and Rock Vera in New Cairo. On the commercial and administrative front, the company has developed Rock Capital 1 in the New Administrative Capital, Rock Gold Mall in New Cairo, and a number of retail and mixed-use plazas in Obour, 6th of October, and Sheraton. Looking ahead, the company is planning to launch five new projects during the second half of the year. These projects will be located in key strategic areas across East and West Cairo, as well as within the New Administrative Capital, reinforcing Rock Developments' ongoing commitment to market expansion and innovation. According to Parthena Doss, the Rock Green compound will offer semi-finished apartments and villas, with average unit sizes hovering around 150 square meters. The company is offering payment plans extending up to eight years, with delivery of the first phase expected in 2029. She emphasized that the project has been carefully designed to meet the lifestyle needs of modern residents. Rock Green will include a wide range of integrated services and amenities. These include an Olympic-standard walking and jogging track, a state-of-the-art gym, social and leisure spaces, an electric vehicle charging station, and designated parking for bicycles. The compound will also feature a luxurious entrance, tranquil areas for yoga and outdoor work, a quiet reading zone, a large central park, a dedicated children's play area, a closed dog park, and several thoughtfully designed community zones to promote interaction and well-being. As part of its 2025 expansion strategy, Rock Developments aims to achieve EGP 5 billion in contracted sales by the end of the year. This target will be driven by the launch of five new projects spanning residential, commercial, and administrative sectors in high-demand areas, as the company continues to solidify its position as a leading player in Egypt's evolving real estate market.
Daily News Egypt
06-07-2025
- Business
- Daily News Egypt
Rock Developments unveils Rock Green project in New Heliopolis with EGP 7bn investment
Rock Developments has officially announced the launch of its newest residential project, Rock Green, in New Heliopolis City, with total investments reaching EGP 7bn. The development spans 17 feddans and reflects the company's broader strategic vision to expand and diversify its real estate portfolio across Egypt. Emad Doss, CEO of Rock Developments, stated that Rock Green will feature over 466 residential units ranging in size from 116 to 236 square meters, in addition to 40 private villas. The project is set to be implemented in three distinct phases. Parthena Doss, board member at Rock Developments, revealed that the company is targeting EGP 1.5bn in sales from the first phase alone. She further noted that the company's land portfolio now exceeds 5 million square meters, encompassing more than 20,000 units spread across ten large-scale developments, with a total investment value surpassing EGP 20bn. Rock Developments also holds the distinction of being the largest developer in Sheraton Heliopolis, with over 70 residential and commercial buildings completed to date. The company operates as a joint Egyptian-Canadian venture with more than 45 years of experience in the local real estate market. Rock Developments has built a robust and diverse portfolio across Greater Cairo. Its residential projects include Rock Green and Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October City, Rock Ville in Obour, and Rock Vera in New Cairo. On the commercial and administrative front, the company has developed Rock Capital 1 in the New Administrative Capital, Rock Gold Mall in New Cairo, and a number of retail and mixed-use plazas in Obour, 6th of October, and Sheraton. Looking ahead, the company is planning to launch five new projects during the second half of the year. These projects will be located in key strategic areas across East and West Cairo, as well as within the New Administrative Capital, reinforcing Rock Developments' ongoing commitment to market expansion and innovation. According to Parthena Doss, the Rock Green compound will offer semi-finished apartments and villas, with average unit sizes hovering around 150 square meters. The company is offering payment plans extending up to eight years, with delivery of the first phase expected in 2029. She emphasized that the project has been carefully designed to meet the lifestyle needs of modern residents. Rock Green will include a wide range of integrated services and amenities. These include an Olympic-standard walking and jogging track, a state-of-the-art gym, social and leisure spaces, an electric vehicle charging station, and designated parking for bicycles. The compound will also feature a luxurious entrance, tranquil areas for yoga and outdoor work, a quiet reading zone, a large central park, a dedicated children's play area, a closed dog park, and several thoughtfully designed community zones to promote interaction and well-being. As part of its 2025 expansion strategy, Rock Developments aims to achieve EGP 5 billion in contracted sales by the end of the year. This target will be driven by the launch of five new projects spanning residential, commercial, and administrative sectors in high-demand areas, as the company continues to solidify its position as a leading player in Egypt's evolving real estate market.
Zawya
01-07-2025
- Business
- Zawya
Egypt's Rock Developments launches $142mln Rock Green Project in New Heliopolis
Egyptian-Canadian real estate firm Rock Developments has launched Rock Green, a new residential project in New Heliopolis City, with total investments of 7 billion Egyptian pounds ($142 million). The 17-feddan project will be developed in three phases, comprising 466 residential units ranging from 116–236 square metres and 40 standalone villas, CEO Emad Doss told Zawya Projects. The developer expects to generate EGP 1.5 billion ($30 million) in sales from Phase 1, which is set for delivery in 2029. 'Rock Green represents a significant step in our strategy to create integrated urban communities that prioritise green space and quality of life,' Doss said. Over 85 percent of the land is dedicated to landscaped areas, including a 20,000 sqm central park, walking trails, water features, and community amenities. Board Member Parthena Doss, who leads the project's architectural design, said Rock Green integrates 'modern living with the serenity of nature,' and emphasised its car-free, privacy-focused layout with no commercial zones inside the compound. Key amenities include gym, yoga. outdoor workspace areas, EV charging stations, bike parking, and jogging tracks, kid's area and dog parks. Rock Developments currently manages a land portfolio exceeding 5 million square metres (sqm), with more than 20,000 units across 10 projects, and a total investment value of EGP 20 billion ($404 million). It is also the largest developer in Sheraton Heliopolis, with over 70 residential and commercial buildings. As part of its expansion, the developer plans to launch five new projects in East and West Cairo and the New Administrative Capital in the second half of 2025, targeting EGP 5 billion in contracted sales ($101 million). (Reporting by Eman Hamed; Editing by Anoop Menon) ( (1 US Dollar = 49.46 Egyptian pounds) Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
Economic Key
01-07-2025
- Business
- Economic Key
Rock Developments launches Rock Green project in New Heliopolis
Rock Developments has announced the launch of its latest project, Rock Green, with total investments reaching EGP 7bn. Spanning over 17 feddans in a strategic location in New Heliopolis City, the project aligns with the company's expansion vision and strategic plans to diversify its portfolio. The announcement was made during a press conference held at Triumph Hotel in Fifth Settlement, attended by company officials, partners, and a select group of journalists and media representatives. Eng. Emad Doss, CEO of Rock Developments, stated that Rock Green marks a new milestone in the company's journey to develop fully integrated urban communities. The project reflects the company's vision to offer residential spaces focused on quality of life and luxury, with over 85% of the land dedicated to green areas, alongside a full suite of amenities tailored to meet diverse customer needs. Doss said that the project enjoys a prime strategic location—just one minute from Suez Road, three minutes from El Shorouk City, seven minutes from Madinaty, 15 minutes from Fifth Settlement, and 30 minutes from Cairo International Airport. It is also located near Belvedere School, the International Medical Center, and Royal Hospital, placing it at the heart of a wide range of essential services. He noted that Rock Developments is committed to perfecting every aspect of its projects before launch to ensure they meet the expectations of their target clients. He described the customer as a core partner in the company's success, adding that Rock Green has been thoughtfully designed to stand out as a signature development in New Heliopolis. Doss added that the project includes over 466 units ranging from 116 to 236 sqm, along with 40 private villas and will be launched in three phases. Engineer Parthena Doss, board member at Rock Developments, is overseeing the architectural design of the Rock Green project, leveraging her strong academic foundation and hands-on design experience. The company is targeting EGP 1.5bn in sales from the project's first phase, expecting robust demand driven by a growing appetite for premium real estate offerings in Egypt. She revealed that Rock Developments holds a land portfolio exceeding 5 million sqm, comprising over 20,000 units across 10 projects, with a total investment value surpassing EGP 20bn. The company is also the largest developer in Sheraton Heliopolis, with more than 70 residential and commercial buildings. It operates as a joint Egyptian-Canadian developer with over 45 years of experience in the local market. Rock Developments offers a diverse residential portfolio, including Rock Green and Rock White in New Heliopolis, Rock Yard in Sheraton, Rock Eden in 6th of October, Rock Ville in Obour, and Rock Vera in New Cairo. On the commercial and administrative side, its projects include Rock Capital 1 in New Administrative Capital, Rock Gold Mall in New Cairo, and multiple plazas across Obour, October, and Sheraton. Rock Developments is set to roll out five new projects in the second half of the year, targeting key areas across East and West Cairo as well as the New Administrative Capital. Leading this expansion is its flagship development, Rock Green, located in New Heliopolis. Parthena Doss stated that Rock Green is designed around a simple philosophy: true comfort begins at home. 'At the New Heliopolis, we aim to create a fully integrated lifestyle that blends modern living with the serenity of nature,' she said, highlighting the project's focus on peaceful, well-balanced residential spaces. The green spaces in the project extend over more than 85% of the total area. It features a central park covering 20,000 sqm, and 600 sqm of water features. The compound includes semi-finished apartments and villas, averaging around 150 sqm in size. Payment plans extend up to 8 years, The first phase is expected to be delivered in 2029. Rock Green was carefully designed in a prime location near New Heliopolis' main gate to offer a quiet, integrated lifestyle. All units overlook green areas, which make up 85% of the total land, and the absence of commercial units ensures privacy and serenity. The Rock Green compound boasts numerous distinguished services, including an Olympic walking and jogging track, a gym, social areas, electric vehicle charging station, dedicated bicycle parking, a luxurious entrance, a yoga space, an outdoor workspace, a quiet reading area, a large central park, a kids area, a closed dog park, and various community spaces. The company aims to achieve EGP 5bn in contracted sales this year as part of its expansion strategy, which includes launching five diverse residential, commercial, and administrative projects in key strategic locations. تم نسخ الرابط
CTV News
20-06-2025
- Business
- CTV News
New development to reshape east Windsor: Is Costco coming?
Heavy construction equipment is seen at the site of a large box store commercial development in east Windsor. June 19, 2025. (Chris Campbell/CTV News Windsor) A development in east Windsor is being called the, 'catalyst that's going to reshape the entire neighbourhood.' That's according to Brook Handysides, senior vice president and sales representative with real estate company CBRE, which has announced that a deal to assemble the land and develop the infrastructure needed for a major box store commercial development in the east end has been finalized. Handysides points to the project benefitting over a dozen vacant parcels of land in the area. 'Ultimately, how that ends up getting developed over time, it will mature effectively as this first development takes off,' he said. 'It's just going to be positive things for the East Windsor area and the Tecumseh-Lauzon retail corridor. CBRE Windsor, on behalf of Rock Developments, worked for two years to bring together the deal on a 33-acre piece of property north of Tecumseh Road East and west of Catherine Street, just off Lauzon Parkway, behind the east-end Walmart and Home Depot. While it has yet to be confirmed exactly what the development will be, the conceptual drawing presented to the city shows it will include the colour 'Costco Red.' In early February, city council approved over $19.6-million in funding to support land acquisition costs and infrastructure upgrades to service the project, including road work and storm and sanitary sewer additions, while the developer will contribute almost $10.7 million to the work. The Forest Glade North Secondary Plan Area has identified the need for two new north-south collector roads to service the area north of Tecumseh Road, between Jefferson Boulevard and Lauzon Parkway. The collector roads would extend from Tecumseh Road (Roseville Gardens Drive) and include the future westerly extension of Catherine Street, work that is also expected to open access to several other vacant lots near the east-end Walmart and RONA for future development. east windsor - development - june 2025 Heavy construction equipment is seen at the site of a large box store commercial development in east Windsor. June 19, 2025. (Chris Campbell/CTV News Windsor) Handysides said this will ultimately connect the whole grid together and allow for enhanced vehicular access. 'Lands that are effectively dormant to development until now, with them being unlocked with the services and road construction that will happen in this area to ultimately accommodate this end user,' he added. According to Handysides, the area already has a significant retail footprint within this zone, including Tecumseh Mall, combined with residential densification around Lauzon and McHugh Street. 'Retail likes to see rooftops, and when you see more residents moving into the area and you have the road infrastructure to accommodate it, it just makes it right for continued densification. That's ultimately why I think this deal came together,' he said. The development calls for commercial uses that will include retail, a gas station, and restaurants, with the gas pumps expected to be part of Phase 1. The plan also calls for approximately 25,000 square meters of floor space and just under 1,400 parking spots. Windsor already has a Costco located at 4411 Walker Rd., not far from Provincial Road. — Rusty Thomson/AM800 News
