Misr Italia Properties has carved a prominent place for itself in the Egyptian real estate market with its diverse portfolio of residential, commercial, and coastal projects. With 11 residential projects, 9 commercial projects, and 5 luxury hotels spread over 1.7 million square meters, MIP continues to shape the landscape of Egypt's real estate sector. Leading projects such as IL Bosco, Vinci, La Nuova Vista, Garden 8, IL Bosco City, Cairo Business Park, Kai Sokhna, and Solare exemplify MIP's unwavering commitment to quality, sustainability, and customer satisfaction. Each one of MIP’s projects is designed with its own distinct theme, carefully curated to align with the location's characteristics and the lifestyle it promises with the aim of delivering exceptional value propositions.
With a total investment of EGP 65.1 billion, MIP ensures that each project maximizes efficiency and incorporates sustainable practices throughout its lifecycle. One of MIP's notable projects is Cairo Business Park, East Cairo’s innovation & entrepreneurship hub. Spanning an area of 75,000 square meters, the project is a prime example of MIP's commitment to excellence. Designed in collaboration with Hany Saad Innovations, this development promises to enhance the surrounding area with state-of-the-art office spaces, premium-quality restaurants and retail options. Another notable administrative endeavor is Radical-1, which stands as a meticulously planned business nexus, offering an integrated office and retail concept that fosters success and business growth. To remain at the forefront of innovative development, delivering quality retail concepts consistently, MIP also introduced Vinci Street to the New Administrative Capital; comprising five buildings with accessible facilities, Vinci Street aims to provide a seamless retail experience within Egypt’s most promising project.
As for the hospitality component, MIP places a great deal of emphasis on the quality of products it offers to the market; chief among them is the first Vertical Forest in the Middle East and Africa, located in IL BOSCO New Capital and designed by Italian Architect Stefano Boeri. The project offers branded residences that adapt to the seasons, providing a holistic living experience. In addition, MIP's Cairo Business Park houses a 5-star business hotel, offering an exceptional range of services to its distinguished clientele. Kai Sokhna, MIP's Red Sea coastal project, features a 5-star beach resort that provides an all-encompassing experience with integrated solutions throughout the year. The resort is also home to the Can Limón Beachfront Hotel, managed by The Lemon Tree Concepts, showcasing distinctive architectural features that capitalize on the area's advantages.
Egypt is witnessing a growing focus on green building investments, especially with the launch of Egypt's National Climate Change Strategy 2050. MIP stands at the forefront of this movement, prioritizing smart technology systems in all its residential, commercial, and administrative projects. By investing heavily in sustainable development, MIP aims to add value to people's lives and create a positive impact on the environment. During COP27 in Sharm El Sheikh, MIP unveiled a series of practices aimed at ensuring sustainable solutions across its projects. By signing The United Nations Global Compact (UNGC) declaration, MIP commits to implementing sustainability measures across all its developments. This initiative aims to coordinate efforts within the industry, address barriers to sustainable growth, and promote best practices to reshape the real estate sector in an environmentally friendly manner.
An excellent example of MIP's commitment to sustainability is IL BOSCO's Vertical Forest, which combats pollution by absorbing approximately 7 tons of carbon dioxide annually and producing 8 tons of oxygen. MIP's customer-oriented approach to sustainability is evident in its collaboration with Schneider Electric to employ the latter’s expertise in designing and building smart-city concepts using EcoStruxure, a comprehensive management system for infrastructure, energy, and other essential aspects. Furthermore, MIP has partnered with Future Clean Energy to implement solar panels on the roofs of three commercial malls, producing renewable energy and reducing user expenses by up to 10%. Another significant partnership with Honeywell focuses on providing sustainable smart systems across all MIP projects, optimizing electricity consumption and minimizing power outages.
As Misr Italia Properties forges ahead, it sets a powerful precedent for sustainable real estate development in Egypt and beyond. With its innovative approach, strategic partnerships, and unwavering dedication to excellence, MIP is poised to shape the future of the industry, creating vibrant and sustainable communities that improve lives across the board.