{"id":593521,"date":"2019-10-01T04:00:52","date_gmt":"2019-10-01T04:00:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/"},"modified":"2019-10-01T04:00:52","modified_gmt":"2019-10-01T04:00:52","slug":"sodic-attracts-egp-1-bn-in-presales-for-the-estates","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/","title":{"rendered":"Sodic attracts EGP 1 bn in presales for The Estates"},"content":{"rendered":"<p><b>Sodic reeled in EGP 1 bn in presales on the first day of the launch of its new compound, \u201c<\/b><a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/17\/sodic-launches-new-west-cairo-project\/\"><b>The Estates<\/b><\/a><b>,\u201d<\/b> <a href=\"https:\/\/ent.news\/2019\/9\/946.pdf\">according to a statement (pdf)<\/a>. 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\u2019s first venture in New Zayed, where it plans to develop a series of projects \u201cthat represent a new generation of developments for Sodic in West Cairo.\u201d Sodic <a href=\"https:\/\/enterprise.press\/stories\/2019\/09\/09\/sodic-to-invest-egp-34-bn-in-four-new-zayed-projects-in-next-decade\/\">has previously said<\/a> it plans to invest EGP 34 bn in four new projects in New Zayed over the coming decade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sodic reeled in EGP 1 bn in presales on the first day of the launch of its new compound, \u201cThe Estates,\u201d 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\u2019s first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,125,83,312,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593521","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-investment-watch","tag-real-estate","tag-sodic","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e5825eb0-ff17-47cf-8276-90cd6af2865a","is_powered_by":true,"section_story_id":"e3c6ceb7-e20a-4ed2-b37a-040660ebf5d1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593506],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sodic attracts EGP 1 bn in presales for The Estates - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sodic attracts EGP 1 bn in presales for The Estates\" \/>\n<meta property=\"og:description\" content=\"Sodic reeled in EGP 1 bn in presales on the first day of the launch of its new compound, \u201cThe Estates,\u201d 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\u2019s first [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-01T04:00:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sodic attracts EGP 1 bn in presales for The Estates\",\"datePublished\":\"2019-10-01T04:00:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/\"},\"wordCount\":109,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"investment watch\",\"real estate\",\"SODIC\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/sodic-attracts-egp-1-bn-in-presales-for-the-estates\/\",\"name\":\"Sodic attracts EGP 1 bn in presales for The Estates - 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SODIC is paying the New and Urban Communities Authority (NUCA) EGP 2.2k per sqm in installments over 11 years.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602270,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed\/","url_meta":{"origin":593521,"position":1},"title":"SODIC signs purchase agreement for 500-acre plot in Egypt\u2019s Sheikh Zayed","author":"enterpriseam admin","date":"24 March 2019","format":false,"excerpt":"SODIC lands 500-acre plot in Egypt\u2019s Sheikh Zayed: SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the New Urban Communities Authority (NUCA) for a 500-acre plot in Sheikh Zayed, the real estate developer said in a statement (pdf). SODIC is paying NUCA EGP 2,470 per sqm in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594827,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/sodic-to-invest-egp-34-bn-in-four-new-zayed-projects-in-next-decade\/","url_meta":{"origin":593521,"position":2},"title":"Sodic to invest EGP 34 bn in four New Zayed projects in next decade","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"INVESTMENT WATCH- Sodic will invest EGP 34 bn in four new projects in New Zayed over the coming decade, it said in a statement yesterday (pdf). The first of these projects is \u2018The Estates,\u2019 planned to launch this month following approval by the New Urban Communities Authority in August. 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