My Home Developments Launches Latvia Business Hub with EGP 1.3 Billion Investment in New Administrative Capital
As part of its ambitious expansion strategy, My Home Developments has officially launched its latest project, **Latvia Business Hub**, in the heart of Downtown in the New Administrative Capital. With a total investment of EGP 1.3 billion, the project aims to set a new benchmark in commercial, administrative, and medical real estate, thanks to collaborations with top-tier partners
Strategic Expansion and Vision
Monzer Eid, CEO of My Home Developments, stated during a press conference that the new project reflects the company's commitment to launching pioneering developments in the New Administrative Capital. This marks the first of three planned projects, addressing the growing demand for residential and investment opportunities in this key location
Eid emphasized that Latvia Business Hub is strategically positioned near prominent landmarks such as the Presidential Palace, the Government District, the Parliament and Senate, and the Financial District. The site is also adjacent to the Green River and Al Masa Hotel, ensuring unmatched connectivity and appeal
Legacy of Excellence and Client Trust
Established in 2008, My Home Developments has successfully delivered over 35 standalone projects to more than 500 clients in areas such as Maadi, Beit El Watan, and Andalus in New Cairo. Eid highlighted the company's adherence to its core values of quality, commitment, and transparency, which have fostered lasting trust with its clientele
Innovative Design and Expert Collaboration
Latvia Business Hub spans 2,500 square meters and features a blend of commercial, administrative, and medical spaces tailored to meet diverse client needs. The project’s architectural design is crafted by **Hafez Consultants**, a leading engineering firm, while **ACCORD** will manage and operate the development
The project includes two interconnected buildings designed to separate activities for optimal functionality. A medical facility with dedicated elevators and specialized units is complemented by an administrative building offering elite office spaces with hotel-like services.
Flexible Payment Plans and Strategic Growth
According to Mohamed Abu Zeid, Sales Director at My Home Developments, the project will be launched in two phases, with units starting at 10 square meters. Payment plans include options for a 5% down payment and installment periods of up to 10 years. Construction is set to begin in mid-2025, with delivery expected within four years
Innovative Features and Sustainability
Mohamed Hafez, Director of Hafez Consultants, noted that Latvia Business Hub’s design harmonizes aesthetic and practical elements, incorporating the latest architectural technologies to maximize operational efficiency and investment returns
Ahmed Zaki, Co-Founder and General Manager at ACCORD, stressed the importance of integrating operational planning during the early project stages. This approach ensures that Latvia Business Hub meets sustainability goals while providing innovative solutions tailored to client needs
Future Expansion Plans
My Home Developments is also eyeing new investment opportunities in vital areas like the North Coast, underscoring its commitment to diversifying its portfolio and meeting evolving market demands
Latvia Business Hub represents a milestone for My Home Developments as it continues to shape the future of real estate in Egypt with innovative and client-focused projects
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