MBG Development has achieved EGP 300m sales during Al Ahram Real Estate Exhibition “Aqari” held on 25-28 July, according to MBG Chairperson Mahmoud Al Adl.
A large share of the company’s sales during the exhibition was in the Pukka Capital Walk, the company’s mall inside the Pukka project, Al Adl elaborated, adding that the mall has a strategic location in the New Administrative Capital (NAC), which contributed to the marketing of 50% of the mall.
Additionally, he pointed out that the mall features commercial, administrative, and medical units with different areas that are suitable for all activities.
“MBG targets achieving EGP 1bn in sales of the Pukka project in the NAC within the coming three months,” he said.
Al Adl revealed that that the company will achieve this amount of money through the company’s participation in local and foreign real estate exhibitions in August, September, and October.
MBG has launched the Pukka project for sale in February 2018 on 40 feddan, just 5 minutes away from the Green River and the British University and the new exhibition grounds (Expo), and only 10 minutes away from the diplomatic district in the NAC, he pointed out.
Pukka is being developed on four phases and will be delivered in 2022 with investments worth EGP 4bn.
Al Adl disclosed that the company has sold about 70% of the Pukka project, which includes more than 1,680 housing units on an area of 40 feddan.
In early March, MBG has contracted with EHAF Consulting Engineers to oversee the implementation of the Pukka project in the NAC. Furthermore, the company contracted with Raafat Miller Consulting (RMC) in order to develop the architectural plans and infrastructure for the Pukka project.