Al Borouj Misr Developments, announces the signing of an agreement with Savills Egypt, one of the world’s leading property consultants. Under this strategic collaboration, Savills Egypt will provide property, leasing, Marketing and sales for the projects (6ixty Business Park & 6ixty Business Corporate) at (NAC).
Since the launching of Savills Egypt in 2019, Savills Egypt has quadrupled in size, with over 100 employees to date. Savills brings the Egyptian market a wide range of specialist services from financial and investment advice to valuation, planning, strategic consulting, executing and property management as well as marketing and corporate services. Savills Egypt is a consultant for the largest real estate developers across the country.
Hazem El-Sherif, Chairman of the Board of Directors, stated that Al-Borouj Misr Developments, is interested in developing and investing on the financial district at (NAC), and he noted that the Al-Borouj Misr was one of the first to invest in the new capital, offering the 6ixty Business Park, 6ixty Three, and 6ixty Corporate 3 projects to combine large corporations’ headquarters.
He explained that the company succeeded in handing over the “6ixty Business Park” project, paying attention to its engineering details, and implementing the project with the best materials to achieve the highest standards of quality and safety. Al-borouj Misr, is planning to invest in the Fifth Settlement and Heliopolis for various administrative, commercial and hotel projects. It also plans to expand externally in integrated urban projects in the Gulf countries.
Catesby Langer-Paget, Head of Savills Egypt, highlighted the significance of this collaboration, saying, “Entering this contractual agreement with Al-Borouj Misr further strengthens Savills’ commitment to delivering world-class services in Egypt’s real estate sector. We are proud to work with a prominent developer like Al-Borouj Misr and contribute to the success of their landmark projects. This collaboration reflects our deep knowledge of the local market and our ability to provide tailored solutions that drive growth and value for our clients.”
Vice Chairman Mohamed El-Asy stated that the company targets assigning unique partners in all investment fields, and applying the highest standards for successful contracts in various engineering, hotel and operational fields.
He explained that an agreement was reached with DSA architects international to prepare the engineering drawings for the project.
Osama Wagih, Managing Director and CEO of Al-Borouj Misr, expressed his enthusiasm about the collaboration with Savills, as it represents an added value and perfectly align with our vision for creating creative developments in (NAC). The collaboration with Savills reflects the company’s commitment to achieve high quality and efficiency in managing projects.
Ahmed Hussein, a member of the Board of Directors and CFO, confirmed that Al-Borouj Egypt is keen to deal professionally with a large percentage of developments and the current economic conditions, which were affected by the global economy, and that the company applies the highest accounting standards to determine the speed of completion of implementation.
Discussion about this post