By Hamed Mahmoud
Savills, the world’s leading property consultancy has signed an exclusive retail leasing agreement with IWAN Developments for three of its flagship projects in the Sheikh Zayed area. The projects, Atrio, Nine Yards and E-Plaza, have a combined commercial retail space of 18,500 square metres opening over the next 24 months.
Head of Savills Egypt, Catesby Langer-Paget said: “We, as Savills, are truly pleased to take on this venture. This is a promising beginning, and we are very much looking forward to working with one of the most influential developers in the Egyptian market on realising their vision for the sustainable urban communities which they have consistently created through their residential properties. The retail experience is a key element of that vision. That’s why we’re confident that through our expertise in leasing and managing over 250,00 square metres of retail in Egypt, and our innovative approach in doing so, our team will deliver on the goals of IWAN Developments for these projects.”
He added: “We are working on a mix between entertainment and retail to provide residents in each of these areas with renowned restaurants and retail all combined in one place.”
From his end, Eng. Waleed Mokhtar, the Founder and Chief Executive Officer at IWAN Developments said: “This initiative comes as part of fulfilling our promise to our customers of a luxurious living experience through a variety of top-quality services that entertain them and answer their day-to-day needs.”
He added: “Savills’s vision falls right within our vision to focus on impactful innovation from idea to delivery, attention to detail that brings value to our company and clients. Moving forward, we are glad to have such a successful collaboration that is primarily designed to enhance our technical and operating capabilities and is intended to help us overcome the various challenges in our market, as well as improve our ability to develop new solutions and make them available for our customers”.
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