MISR ITALIA PROPERTIES LAUNCHES “VINCI LAGOONS” OFFERING 365 DAYS OF BEACH BLISS FOR THE FIRST TIME AT THE NEW ADMINISTATIVE CAPITAL 

As part of its ongoing plan to expand in the New Administrative Capital, and in line with the company’s investment plan for 2022, Misr Italia Properties (MIP) launches “Vinci Lagoons”, the newest phase of Vinci. A 110-acre project located in the R7 zone of the fourth-generation city, near the Diplomatic District. The project is expected to stand out as a luxurious destination with premium residential units, featuring the New Administrative Capital’s first swimmable lagoon extending to reach 5000 square meters with a 700-metershoreline

Through the establishment of this particular phase of Vinci, MIP realizes its new vision of community living at the New Administrative Capital by introducing a coastal foreground to life within the city

Mohamed Khaled El-Assal, CEO and Managing Director of MIP, clarified that “The project’s strategic location within the New Administrative Capital in close proximity to remarkable components, adds to residents’ quality of life, as well as the overall value of investment. With 100% of units possessing beach and garden views, the product mix at Vinci Lagoons includes garden villas, sky villas, 3-bedroom apartments, and double-view houses with the lagoons on one side and the villas zone, designed by Hany Saad Innovations, on the other. All units possess direct access to the swimmable lagoon and the assortment of activities it offers. At MIP, we are committed to delivering premium and innovative services that ensure a better quality of life to residents; this is achieved through consistent partnerships with other experts in their fields including Purescape for landscape design and master planning, and DMA for architectural design. We consider each of those names a partner in the success of our collective vision for community development, ultimately offering innovative solutions that attract customers and cater to their varying needs” 

Mohamed Hany El-Assal, CEO and Managing Director of Misr Italia Properties, further added “With a total investment of EGP 7 billion, Vinci also features Vinci Street, an integrated commercial strip providing comprehensive services; currently offering units for sale, it includes various options with a wide range of sizes. The new phase goes in line with the government’s vision to develop and set the New Administrative Capital into operation by the end of this year. Vinci Lagoons further complements the company’s plan to diversify its portfolio which encompasses a lineup of amenities and first-rate facilities that add value, to the residents of the New Administrative Capital”

Construction at Vinci is progressing according to schedule to ensure on-time delivery during 2023; the project is strategically located close to the Diplomatic District, New Administrative Capital’s Opera House, Knowledge Center, Al-Massa Hotel, the Government Administrative district, the educational and medical areas, as well the regional ring road

About Misr Italia Properties

Misr Italia Holding has been at the vanguard of developing Egypt’s leading real estate market for years. It is known for providing paramount projects for residential, commercial, coastal, and hospitality properties across Egypt. The company’s land bank stretches across Egypt with 11 residential projects, nine commercial projects, five luxury hotels and 6,000 delivered units. Flagship projects include IL Bosco, Vinci & Vinci Street in the New Administrative Capital, La Nuova Vista, Garden 8, Cairo Business Park and Hilton Garden Inn in New Cairo, Kai Sokhna and Hilton Ain El Sokhna Sokhna, Kai Sahel, and IL Bosco City in New Cairo