Arab Finance: Sky RealEstate, a joint venture (JV) of Sky Investments and Innovo Group, has launched Sky Innovo Developments, a real estate company specializing in the development of sustainable residential and commercial projects, according to an emailed press release.

Sky Innovo Developments is expected to break through the market, offering a one-of-its-kind business model that combines the main regional and global standards, primarily improving mental and physical health and reinforcing sustainability concepts.  

The new company will launch its first project Park St. Edition, a unique residential and commercial complex that combines health and sustainability.

With nearly EGP 10 billion in investments, Park St. Edition has been built on a 20,000-square-meter (sqm) land in New Cairo with a built-up area (BUA) of 65,000 sqm.

This partnership aims to make use of the alliance’s extensive expertise in developing integrated housing and commercial projects that meet the demand of those looking for a distinct and healthy lifestyle.

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