SODIC launches and sells “Allegria Residence”

Real estate developer SODIC has launched its upscale apartment complex “Allegria Residence,” achieving EGP 500 million in booked sales, the company said in a press release (pdf). SODIC launched the first phase of the project last month, which includes 83 apartments, and “was met with unparalleled demand.” Allegria Residence’s “strong performance comes as a testament to SODIC’s ability to create value for its clients and builds on SODIC’s proven record of on-time delivery of integrated mixed-use developments,” the company said. SODIC is also launching “Six West”, a complex of seven apartment buildings, this month.