Egypt-based property developer M2 Developments, previously known as Misr Al Mahrousa, has already promoted 90 percent of M2 Gardens phase I among which Trio Villas units are included, its Chief Executive Officer, Mostafa Aboul Fotouh said Sunday. The company would start promoting the second phase by the beginning of September 2016, Aboul Fotouh added. The first phase of M2 Gardens would be with total investments worth 900 million Egyptian pounds (US$101 million), including the implementation of 300 units. Aboul Fotouh told Amwal Al Ghad that M2 Gardens is a distinctive compound in New Cairo, consisting of villas and blossoming landscape spread over an area of 35.5 feddans. It includes 950 fully finished residential units, carried out through three phases with total investments worth 2 billion Egyptian pounds The first phase of M2 Gardens would be delivered during the last quarter of 2016, while the whole project would be delivered in 2021.
