JLL to manage two Cairo malls


February 19, 2014 | By RetailME Bureau

Real estate investment and advisory firm Jones Lang LaSalle (JLL) has recently won two shopping mall management instructions in Egypt. The company was appointed to assist with the set-up and on-going management of The District, an open air mall, and Emerald Empire Mall, an open air food and beverage (F&B) zone with a Lulu hypermarket.

“JLL’s intent is to bring in a world-class management approach to Cairo on The District and Emerald Empire Mall. We are very glad to have built a trusted relationship with the owners of both of these very impressive projects in a very short time frame,” says Ayman Sami, head of Egypt office at JLL.

“JLL has regional experience in managing more than 200 shopping centres and we are very pleased to see the political and security situation as well as investor confidence improving in this important market. We remain very sensitive to the local culture and habits in each and every one of the countries or cities we are appointed. Importantly, our approach uses a mix of local and international expertise to bring the best of both worlds combined and provide the perfect fit whatever our clients’ needs are,” he adds.

The District is strategically located in Heliopolis on the outer perimeter of the Cairo Airport land. Upon completion, it will have more than 753,000 sqft GLA. The first phase with approximately 161,400 sqft GLA is due to open in March this year. The project is anchored by a Wadi Degla sporting club, which is already operational and the first phase will include a wide variety of F&B outlets and a children’s entertainment zone.

Emerald Empire Mall is located in New Cairo and has started operating during the end of 2013. The mall has more than 30 F&B outlets, which are operational and are expecting to add at least another 12 outlets soon in addition to several banks, a gym, services and the hypermarket, due to operate in the summer of 2014.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Walmart announced this week that it will offer Paramount Global’s streaming service 

Continue Reading

August 19, 2022 | By RetailME Bureau

Employee retention has been on every company’s minds, especially since the fears 

Continue Reading

August 16, 2022 | By Shruthi Nair

The Frozen Chicken’ as Spinneys was fondly referred to back in the 

Continue Reading

August 8, 2022 | By Shruthi Nair

Veppy.com, a Q-Commerce marketplace startup just announced their go live date in the 

Continue Reading

July 20, 2022 | By Justina Eitzinger

GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading 

Continue Reading

July 19, 2022 | By Justina Eitzinger

Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine