By – Mohamed Kamal
Cornerstone Development, Egypt’s property developer, announced the launch of “The Curve”, its first projects in the Egyptian market.
Cornerstone Real Estate Development started its business in the Egyptian market, based on a diversified portfolio of real estate projects to be implemented in urban and coastal cities.
Eng. Ashraf Boulos, Chairman and Managing Director of Cornerstone Development said that the company has strong foundations to consolidate its name among the leading real estate companies in Egypt over the next few years.
“At the forefront of these foundations come the broad international and local experiences of the members of the company’s board of directors. These experiences cover the fields related to real estate investment, namely contracting, building materials, concrete and decoration, which qualifies the company to provide innovative products to clients.” He explained.
Corner Stone has strong financial liquidity to enhance its ability to implement high-end projects based on the best standards of modern design and construction as well as adherence to delivery on time, Boulos added.
The authorized capital of Cornerstone for Real Estate Development is EGP600 million .
Cornerstone chairman revealed that the key areas of the company’s plan include the expansion of real estate projects in the New Administrative Capital, in addition to studying promising opportunities in coastal cities, especially El Alamein and Ain Sokhna.
He also highlighted Cornerstone’s strategy in its construction projects, which will combine innovative and unique designs made specifically for its customers, smart building models equipped with modern technology that keep pace with the latest international trends in the construction field, in addition to compliance with the standards of green architecture in order to provide wellness and healthy life for customers.
Eng. Boulos pointed out that the company “will go to restore the glamour of old buildings with high ceilings, and revive the cultural heritage through the social club by allocating halls for painting, exhibitions, cinemas, and meeting rooms, in order to provide an ideal life for its residents. Through a small garden in each building’s third floor, customers will be privileged to meet their friends, gather, or do various activities, which allow constant communication between them.”
He also confirmed that the project units will be delivered with a “Flexi Finish” system which allows 75% finishing units to give customers the freedom to finalise the decoration, lighting and floors.
Engineer Ashraf Boulos explained that Cornerstone promise to offer its units at competitive prices and flexible payment programs, as well as to provide luxury units to enhance customers’ confidence in Cornerstone brand and launch new communities with modern housing concepts.
“The Curve” is conveniently located in the R8 area just in front of the Green River and close to Mohammed bin Zayed Road, the airport, the presidential palace and the ministries’ headquarters.”
Engineer Ashraf Boulos pointed out that the built-in area percentage in the project is 18%, less than the allowed 22.5%. The project also includes services such as a mall, an administrative building, large green space and landscape.
“Cornerstone will start delivering the units in mid-2023.”, He said
Units’ space ranges between 90 to 300 meters, accounting for 70% of spaces between 90 and 180 meters, which is in line with the demand of the largest segment of customers. The designs made especially for the project were developed by one of the largest consultancy offices in New York, United States. The project also includes commercial, administrative, cultural and sports services. The payment systems vary from 5 to 6 years only.
“The company is committed to delivering its units to customers in accordance with the agreed upon specifications and delivery time, as well as creating a homogeneous base of customers.” Boulos concluded.