Egyptian property developer Hyde Park Real Estate has launched a new residential project, Park Corner, as part of its flagship development Hyde Park in New Cairo, said a report.

With investments worth E£5 billion ($563.2 million), Park Corner will cover 533,000 sq m, reported Amwal Alghad.

The new phase is set to include 205 standalone villas, townhouses, twin houses, and 1,400 apartments, alongside 300 duplexes, and family villas, said the report, citing a senior official.

Hyde Park will deliver Park Corner within three years from the date of signing contracts with customers, stated its chief executive Amin Serag.

The phase includes a medical centre on an area of 25,000 sq m, making Park Corner a part from Hyde Park project. 

The project’s masterplan effectively integrates a wide array of facilities and services that are evenly and conveniently distributed across the project. The development’s main green areas were redistributed to provide more scenic views to more residential units, said the report.

The project now boasts more recreational spaces, including three clubhouses across three different residential areas, in addition to a private-membership club. Two international schools and a nursery are located within the development premises, serving Hyde Park’s homeowners and residents of the surrounding areas, it added.