Four Seasons Group injects EGP2bn into NAC's Floria 5

The Four Season Group for Real Estate Development has launched its fifth project, called Floria, over 23 acres in the R8 district of the New Administrative Capital (NAC).

The new compound is residential … sales targets of EGP2.5bn

The new compound, easily accessible from four international hotels, is close to universities, schools, hospitals, service area, the Green River and the Diplomatic Neighborhood.

Four Seasons Group

In a press conference on Saturday, the company’s CEO Michael El Asyouty said, “Floria is close to the largest four international hotels, universities, and schools in R8.”

 He explained that Four Seasons Group's board of Directors includes a plethora of leading businessmen and artists including famed singer Mohamed Fuaad, who has a stake in Four Seasons Group worth 25%.

 

El Asyouty added that the 23-feddan development is a full-service residential compound featuring a total built up area below 22% of the total project size, with the rest allocated to green spaces, services, and privacy for residents.

He noted that the project is divided into five phases, with investments amounting to approximately EGP 2bn, and targeted sales worth roughly EGP 2.5bn.

 

The compound includes apartments and duplexes of different areas ranging from 120-330 sqm. The company also offers opening prices and special offers for owners starting from EGP 8,500/sqm, and payment plans of up to 12 years without interest.

“The company aims to establish the Floria Compound in the R8 area due to its proximity to the diplomatic district, exhibition grounds, the medical district, the Cathedral, universities and the Opera House,” El Asyouty said.  

The Four Season Group owns several projects in the NAC, namely Blue Mall, Seventeenth Mall, Evira Mall, and Rixos Mall. All the company’s projects feature modern designs and facades that meet all customer needs.