Sodic reeled in EGP 1 bn in presales on the first day of the launch of its new compound, “The Estates,” according to a statement (pdf). Located in New Zayed, 5 km north of Sodic West, the 630k sqm all-villa compound will include a clubhouse and a spa. The Estates is the upscale developer’s first venture in New Zayed, where it plans to develop a series of projects “that represent a new generation of developments for Sodic in West Cairo.” Sodic has previously said it plans to invest EGP 34 bn in four new projects in New Zayed over the coming decade.

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