MG Developments, a prominent real estate and tourism development company in Egypt, has appointed JLL, a global professional services firm specializing in real estate, investment management and development consultancy services, to offer leasing and property management services for its upcoming HQ project “HQ” in New Cairo. HQ Mall is the company’s latest mixed-use project featuring efficient and modern flexible offices and is coming up on 90th North Street in New Cairo, a satellite city within the metropolitan area of Cairo, Egypt.
Mohamed Motawea, Chairman, MG Developments, and Ayman Sami, Country Head, Egypt at JLL, signed the agreement in the presence of Aya El-Shenawy, Commercial Director, MG Developments.
Mohamed Motawea, Chairman of MG Developments, stated that this collaboration reflects the group’s commitment to partnering with international companies to attract top brands. This strategy aims to enhance the provision of commercial services and diverse administrative offices, to cater to the needs of the high operational density in the first sector in fifth settlement of New Cairo City. In line with this approach, HQ project has partnered with several leading brands across various industries, he added.
Aya El-Shenawy, Commercial Director, emphasized that MG Developments has consistently worked with renowned and leading brands across various industries and added that the HQ project is a continuation of the significant successes that the company has achieved over its 27 years of experience in developing residential, touristic, and commercial projects. Some of the group’s most notable projects include the ‘Blue Blue’ Resort in Ain Sokhna, ‘Lavida’ Residential Compound in New Heliopolis, ‘Promark’ project in the Business District New administrative Capital, ‘The Mark’ in the Downtown area of the New Administrative Capital, and the ‘Premium Business’ project in the second sector of Fifth Settlement, New Cairo.
Ayman Sami, Head of JLL’s Egypt Office, commented, “We are pleased to provide Leasing and Property management services to deliver maximum value and drive operational efficiency for MG Developments’ latest project “HQ”. Our extensive experience in property management equips property owners with the necessary tools and strategies to succeed in today’s competitive market. As a trusted property management partner to MG Developments, we will provide unmatched value and solutions to ensure that the company’s assets attain sustained and optimal benefits over time.”
Across the Middle East and Africa (MEA), JLL is a leading player in the real estate and hospitality services markets. The firm has worked in 35 countries across the region and employs over 1900 internationally qualified professionals across its offices in Dubai, Abu Dhabi, Riyadh, Jeddah, Al Khobar, Cairo, Casablanca, Johannesburg, and Nairobi.
