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IGI Real Estate announces completion of Gardenia Springs

Egypt: Monday, May 17 - 2010 @ 14:01

At a press conference held today at Gardenia Springs, Mr. Khaled Sheta, IGI Real Estate Vice Chairman expressed immense pride at his company’s latest development, indicating that a new standard in residential development had been set. Mr. Sheta explained that, at an investment cost of LE350m, every detail had been carefully envisioned and perfectly executed, thereby creating a new residential yardstick against which future developments would be measured.

Sheta added that IGI Group’s distinguished experience dating back to the 1970s catapulted IGI Real Estate to the forefront of the region’s leading real estate developers, drawing on a wealth of in-depth knowledge of a variety of business sectors including global trading, oil, heavy industries, contracting and agribusiness.

Dr. Lobna Reda, IGI Real Estate Managing Director, echoed Sheta’s comments reiterating the company’s pride in Gardenia Springs, arguably the most distinguished addition to a growing list of achievements. She confirmed that Gardenia Springs was modeled with the discerning homebuyer in mind and, therefore, great attention was paid to ensure exclusivity, tranquility, environmental concern, security and proximity to schools, universities and shopping outlets.

The project comprises 120 homes spread over 58 acres which means that, on average, each home enjoys a half-acre of landscaped open space. For further convenience, Gardenia Springs offers homebuyers an impressive selection of home designs to choose from as well as the possibility of early delivery of villas within six months and the availability of long-term payments via mortgage financing.

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Monday, May 17- 2010 @ 14:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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