Green spaces are more than just picturesque plants – they provide important functions to the surrounding environment as well.
From offering a comprehensive habitat to birds to elevating the levels of pure oxygen, increasing green spaces is an attainable tool to combat pollution. Misr Italia Properties is an avid advocate of developing progressive projects for a better future. Its portfolio reflects its vision to construct environmentally conscious communities in the heart of the city surrounded by vast green spaces.
Misr Italia Properties has been at the helm of developing Egypt’s leading real estate market for years. Continuing its ventures, the real-estate expert is set to bring the acclaimed Italian architect Stephano Boeri, founder of the ‘Vertical Forest’ concept, to build the first vertical forest in Egypt, and the Middle East. The environmental and real estate breakthrough will be built in the heart of Misr Italia Properties’ IL Bosco project located in New Administrative Capital.
The signing agreement between Misr Italia Properties and Boeri to create the Vertical Forest is driven by innovation and creativity, as they aim to introduce trendsetting concepts, which can improve the Egyptian real estate sector and sustain the country’s plan to achieve environmental progress for upcoming generations’ bright future.
With pollution endangering Earth’s eco space, Misr Italia Properties is determined to expand Egypt’s current quota of greenery. The Vertical Forest is an essential contribution to the country’s green area, which only occupies 10 per cent of Egypt’s total area. The Vertical Forest project in IL Bosco will consist of three 30-metre buildings, perfectly blending both nature and architecture. Wrapped in thousands of green plants and trees on balconies and windows, the Vertical Forest aims to limit pollution in urban cities.
With total project investments of $183.5 million, one building hosts fully-furnished serviced apartments on areas of 50-110 sqm, operated by a 5-star international hotel chain. The other two buildings offer branded apartments operated by the same chain, ranging between one- and four-bedroom units on an area of 90-200 sqm. With construction scheduled to start in 2020 and expected to be delivered by 2023, Misr Italia Properties is about to change the real estate sector in the whole region.
The Vertical Forest concept was the recipient of numerous awards, including the International High-rise Award in 2014 and the Best Tall Building Worldwide Award in 2015 by CTBUH. The concept started from Milan in Europe before spreading into other continents and now Misr Italia Properties brought it to the Middle East and North Africa.
Boeri, the mastermind behind the concept, is collaborating with Egyptian designer Shimaa Shalash as a local partner as well as the botanist and landscape designer Laura Gatti, to design architectural masterpieces that surpass residents’ and visitors’ expectations in the New Administrative Capital, namely in Il Bosco.
Misr Italia Holding is known for providing paramount projects for residential, commercial, coastal, hospitality and leisure properties across Egypt. Misr Italia Holding has grown to become one of the largest developers with total investments of $4.16 billion. The company’s land bank totals to 11 million sqm across Egypt with 11 residential projects, nine commercial projects, five luxury hotels and 6,000 delivered units. Flagship projects include IL Bosco, Vinci & Vinci Street in the New Administrative Capital, La Nuova Vista, Garden 8 & Cairo Business Park in New Cairo, Kai Sokhna, Kai Sahel, IL Bosco City in Mostakbal City, Hilton Kai Sokhna and Hilton Garden Inn.
For more information, contact Misr Italia Properties.