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.
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
The jewellery making industry has been under tremendous scrutiny over the yearsFebruary 11, 2021 | By Shruthi Nair
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Homegrown, organic and plant milk company, Koita has announced its expansion into
Carrefour has announced that it is expanding its robotic fleet, adding 11
Marking the 200th hypermarket opening in Cairo, Egypt, LuLu is celebrating the
Emerging technologies and IT integration in businesses have been taking place for
British fast-fashion retailer Primark says it has no plans to sell its
UAE-based Emaar Malls have announced the resignation of its CEO, Rajiv Suri
Nakheel Malls, the retail arm of master developer Nakheel, has launched its
Majid Al Futtaim has underlined its commitment to sustainability and creating unique
Majid Al Futtaim has opened its first Carrefour store in Tashkent, Uzbekistan.
City Centre Al Zahia, the newest lifestyle and retail experience to arrive
Al Hamra’s annual ‘Winter Shopping Festival’ for all Ras Al Khaimah residents
Dubai Duty Free’s 72 hours anniversary sale from December 18 to December 20,
On 26 December, Majid Al Futtaim Malls across Dubai will host the