Latest news with #BrevanDevelopments
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Brevan Developments unveils new phase of Lake House in New Obour to meet rising demand
Brevan Developments has officially launched a new phase of its Lake House residential project in New Obour City, responding to increasing demand for integrated, modern living communities. Saeed Sakr, a board member at Brevan Developments, announced that the upcoming phase will introduce competitively priced residential units, accompanied by flexible payment options and discounts reaching up to EGP 3,500 per square meter. He highlighted the strategic location of the Lake House compound, situated adjacent to the New Obour City Authority and near the city's main entrance. Spanning over 9.5 feddans, the development includes 19 residential buildings and a commercial mall housing 135 retail stores, each with street frontage for maximum visibility. Designed to offer a complete living experience, the compound will also feature two swimming pools, an artificial lake, dedicated children's play areas, a cycling track, jogging paths, and ample landscaped green spaces. These amenities are supported by 24-hour security and guarding services. In total, the development includes 480 residential units and represents an investment of approximately EGP 2.5bn. Sakr outlined the variety of units available in the new phase, starting from 81 sqm one-bedroom studios, 136 sqm two-bedroom apartments, three-bedroom units at 155 sqm and 170 sqm, and spacious four-bedroom units reaching 215 sqm. Duplexes will also be offered, with sizes extending up to 335 sqm. Buyers can choose from tailored payment plans, such as a 15% down payment with installments over six years or a 25% down payment with the remainder paid over seven years. Construction is slated to begin within six months, with the first units scheduled for handover in June 2028. Brevan has contracted architect Mohamed Abdel Rahman Abu Kahla as project consultant and partnered with BEYOOT Engineering & Contracting and Al Saqr Contracting—firms recognized for their reliability and quality execution. In addition to the Lake House project, Sakr shared that Brevan Developments holds a broad and diverse land portfolio. This includes plots at Jamaran Resort in Sahl Hasheesh, Hurghada (currently under licensing), plots in New Cairo's Fifth Settlement under development, a commercial parcel in Obour under licensing, and the existing Lake House compound itself. The company also plans to launch two new commercial malls in Obour City, as well as the La Quanda compound in Sahl Hasheesh. These will be rolled out in parallel with ongoing development efforts across its current projects. Sakr concluded by emphasizing the company's strategic goal to expand into the New Administrative Capital and Egypt's North Coast. With over 15 years of experience in Hurghada and as one of the early investors in coastal urban development, Brevan Developments continues to self-finance its ventures while reinvesting proceeds from unit sales.
Economic Key
4 days ago
- Business
- Economic Key
Brevan Developments unveils new phase of Lake House project with premium units at exclusive prices
Brevan Developments has announced the launch of a new phase in its flagship project, Lake House, as part of its strategy to meet the growing demand for integrated and premium residential developments that combine quality, luxury, and affordability. This new phase includes a selection of distinguished units offered at competitive prices with attractive payment plans. The announcement was made during a ceremony attended by the company's officials, including Eng. Saeed Sakr, a member of the company's board of directors, Ibrahim Abdel Azim, also a board member, and Saber Zahran, another board member, along with several representatives from marketing companies and success partners. Eng. Saeed Sakr, a board member of Brevan Developments, stated that the launch of the new phase comes in response to the strong demand witnessed in the previous phases of the project, particularly due to its strategic location, diverse unit sizes, and modern architectural designs tailored to meet the needs of various customer segments. He said that the new phase will feature premium residential units offered at competitive prices and flexible payment plans, with discounts of up to EGP 3,500 per sqm. This phase includes units with stunning views overlooking the lagoon within the project, along with a range of unit spaces designed to accommodate diverse customer preferences. Sakr added that the Lake House compound enjoys a prime location next to the New Obour City Authority and close to the city's main entrance. A major competitive advantage of the project is its strategic position on a prominent corner along Al-Sabein Street in New Obour. He noted that the total area of the project spans over 9.5 feddans and includes 19 residential buildings, in addition to a commercial mall featuring 135 retail stores overlooking the street. The compound also features two swimming pools, an artificial lake, a children's play area, a cycling track, a jogging track, and landscaped green spaces, along with security and guarding services. The compound comprises 480 residential units, with a total investment cost reaching EGP 2.5bn. He explained that the project offers a variety of residential units, starting from one-bedroom studios at 81 sqm, two-bedroom units at 136 sqm, three-bedroom units at 155 sqm and 170 sqm, four-bedroom units at 215 sqm, and duplexes reaching up to 335 sqm. Brevan Developments offers flexible and attractive payment plans, including a 15% down payment with installments over 6 years, or a 25% down payment with the balance payable over 7 years. Sakr disclosed that the project constructions are scheduled to begin within six months, with handover expected to start in June 2028. The company has contracted Professor Dr. Mohamed Abdel Rahman Abu Kahla to serve as the project consultant, in addition to collaborating with BEYOOT Engineering & Contracting and Al Saqr Contracting, both of which are reputable firms known for their strong track record in quality and commitment. In a related context, he noted that Brevan Developments has an impressive portfolio of past projects, including multiple developments in Obour and New Obour cities. The company also has several projects in Beit El Watan and Investors areas in New Cairo, as well as operational hotel projects in Hurghada, which include three residential compounds and several buildings that have already been delivered. He pointed out that the company's land portfolio includes a wide and diverse range of plots, including properties in the Jamaran resort in Sahl Hasheesh, Hurghada, which are currently undergoing licensing procedures. It also includes plots under development in New Cairo's Fifth Settlement, a commercial plot in Obour currently being licensed, and the existing Lake House compound. The company plans to launch two commercial malls in Obour City, along with the La Quanda compound in Sahl Hasheesh, Hurghada, in the near future, in parallel with ongoing work and development in its current projects. He concluded by stating that the company aims to expand into New Administrative Capital and North Coast. As one of the early developers to invest in coastal cities, Brevan Developments has been active in Hurghada for over 15 years. The company self-finances its projects alongside revenue generated from property sales. تم نسخ الرابط
