Brickzey records EGP 3.5bn in sales for developers in 2019

Shaimaa Al-Aees
2 Min Read

Brickzey Property Management has achieved contractual sales in favour of developers, amounted to EGP 3.5bn in 2019, and signed 5 exclusive marketing contracts.

Chairperson and CEO of Brickzey Property Management Ahmed Selim said that the company’s sales were concentrated in Giza projects in Sheikh Zayed and Sixth of October cities, especially the housing units within the towers, in addition to projects in the New Administrative Capital (NAC).

Selim added that the share of administrative, commercial, and medical projects amounted to about EGP 1bn in total achieved sales last year, , with plans to increase this value this year.

He noted that the company completed the marketing of 5 exclusive projects during the past year, namely, IL Mondo, Lakeville, The Gate.

The company has contracted out the marketing of four new, and exclusive projects last year, with plans to market them this year as part of the company’s plan to expand its exclusive marketing, and diversify its real estate portfolio, he elaborated.

The goal for this year for many real estate companies is to accelerate the implementation rates of projects in parallel with marketing. This comes in tandem with preserving the company’s credibility with customers, and avoiding risks stemming from delayed implementation.

He explained that the West Cairo region will witness great competition this year, as a number of large companies develop projects in this area, especially in Sheikh Zayed expansion city in addition to Sixth of October city.

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