Some of former Egypt's Maspero Triangle residents to receive post-development units by September 2022

CAIRO – 10 August 2022: The Ministry of Housing, Utilities, and Urban Communities announced Wednesday that houses will be delivered to former Maspero Triangle residents, who chose to be compensated by acquiring units in the same area, by September.

Maspero Triangle’s residents were asked to choose between financial compensation, relocation to Asmarat or to remain in their homes until development finishes. Ten percent chose to move to Asmarat and another 10 percent chose to remain in their place until development works are finished. Eighty percent chose to receive financial compensation.
 

Tenants of non-residential areas had four options. The first option was to receive 30 percent of the value of the land. The second is to move to another area in addition to getting a residential unit for rent in Badr city. The third option offered a new unit when the project is over. The fourth option is ownership of a residential unit in Asmarat.

Maspero Triangle, which was a slum, spans over a surface area of 25,000 square meters and includes four residential buildings. The ground and second floors in each are parking lots, while the first floor is allocated for commercial uses.

The total surface area of ground-floor parking lots and second floor parking lots in all four buildings is 19,000 square meters with a capacity of 350 vehicles and 16,000 square meters with a capacity of 280 vehicles. The total surface area of commercial floors is 17,000 square meters.
 

Flats in two of the residential buildings will be granted as substitutes for former dwellers of the triangle who chose that option to leave their apartments in the demolished buildings. Each building has 468 apartments, while the total in both is 936 apartments.
 

The project also houses an office building and a shopping center. The former consists of 15 floors above ground level, while the latter has 25 floors above ground level.