K Developments has launched its latest project, Palencia Plaza, in the heart of Al Shorouk City. The project includes commercial, administrative, and medical units. In addition, it comes with total investments of EGP 1.5 billion.
This launch supports the company’s expansion plan in Egypt’s real estate market. Moreover, it reflects K Developments’ focus on integrated projects that meet real market demand.
Eng. Omar El-Fayoumi, Chairman of K Developments, said that Palencia Plaza continues the company’s success in Al Shorouk. He added that the project supports smart investment in new cities.
The company selected the location carefully because it sits inside a populated residential area. Therefore, the project can benefit from a strong customer base from day one.
In addition, Palencia Plaza enjoys strong connectivity. It is about 5 minutes from Suez Road and Ismailia Road. It is also 10 minutes from the Ring Road and New Cairo. Meanwhile, Ain Sokhna Road is only 15 minutes away.
Furthermore, the project is close to the Open Air Mall in Madinaty, the French University in Egypt, and the British University in Egypt. As a result, it has strong investment and operational potential.
Palencia Plaza covers an area of 6,000 sqm. It is located directly on Al Horreya Street, one of the main roads in Al Shorouk City.
The project stands opposite Carrefour. Also, it sits near several international schools and universities. In addition, it has direct frontage on four main streets. Therefore, it offers high visibility, easy access, and strong traffic flow.
K Developments assigned the project design to YBA, led by Eng. Yasser El-Beltagy. The design follows modern standards. It also combines elegance, simplicity, and smart use of space.
Palencia Plaza consists of a ground floor and three upper floors. It offers different unit sizes for various business needs. For example, clinics range from 29 to 235 sqm. Administrative units range from 34 to 96 sqm. Meanwhile, commercial units range from 35 to 290 sqm.
The company will deliver medical and administrative units fully finished. In addition, these units will include air-conditioning systems. As a result, clients can start operations faster.
The project includes a sky plaza, EV charging stations, CCTV systems, a gym, and a health club. It also offers modern elevators, underground parking, prayer rooms, backup generators, and advanced security systems.
Moreover, a specialized company will manage and operate the project. Therefore, Palencia Plaza can maintain high service standards after delivery.
K Developments also offers flexible payment plans. Clients can pay 10% down payment with installments up to 7 years. Alternatively, they can pay 20% down payment with installments up to 8 years. In addition, cash buyers can receive special discounts.
Palencia Plaza builds on the success of Palencia Al Shorouk. The residential project covers 10.5 feddans and includes EGP 3 billion in investments. So far, the company has completed about 70% of phase one.
Finally, K Developments targets EGP 2 billion in sales in 2026. The company also plans new projects in the North Coast and New Cairo. Eng. Omar El-Fayoumi brings more than 15 years of real estate experience and has delivered over 1,000 units.
Palencia Plaza Launch Conference Covered By:
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