With a population of over 20 million, Cairo is one of the region’s largest retail markets. The satellite cities of 6th of October and New Cairo are where well-established real estate companies are developing their residential, retail and commercial projects.This trend is expected to continue, as both consumers and businesses are moving out of the congested downtown area to the suburbs. Super-regional and regional malls represent c.80% of Cairo’s gross leased area (GLA), leaving community and neighborhood malls undersupplied.
Park St. is ideally located in the heart of Sheikh Zayed to place businesses at the intersection of tranquility and world-class amenities. An exclusive business-centric development that aims at changing the face of West Cairo’s urban heart, conceived to strategically address the need for spaces meeting the demands of discerning corporates and commercial clientele alike.
The project stretches alongside the 26th of July corridor while lying near top-notch educational institutions, renowned medical hubs, vibrant shopping malls, in addition to lively entertainment zones and upscale residential compounds. The architectural design controls light and ambient factors to help create optimal interior conditions, it will also achieve more balanced energy consumption and lessen maintenance costs for investors.
Park St.’s 6th floor rooftops will be transformed into a fine dining destination, ideal for business networking by the day, and late-night entertainment for those wishing to dine and unwind along a skyline of spectacular views
Egypt’s fast-growing population, youthful and near marriage age, will continue to spur demand for commercial real estate. There is also a growing middle class seeking out more moderate- to high-end housing options, which can only be provided for by the private sector.
While commercial real estate developers are currently feeling the pressure of currency devaluation, there is still demand for the right product. To help offset the devaluation impact, some developers have introduced more flexible payment terms; while others are building more efficient unit designs and increasing land use density.
Solid fundamentals evidenced by continued strong sales of planned communities; ongoing favorable pricing power for reputable developers; and still untapped opportunities in secondary cities of 6th of October and New Cairo.
Park Street website: https://parkst-eg.com/
LEEDS provides turn-key projects, cutting-edge sustainable energy systems, electromechanical and civil solutions, and total facility management services.LEEDS ECO offers Turnkey contracting services to a wide range of clients in Egypt and excels in tailoring technology to suit the needs of each project, while maintaining consistent high standards of quality.LEEDS ECO’s scope of services includes Civil, MEP, water treatment, Co-Generations and chillers plants and light currents works.
LEEDS TFM offers clients a one-stop shop through a scope of services that includes housekeeping & pest control, security, leasing & marketing, operation & maintenance, and inventory management.
LEEDS TFM has a portfolio of clients that spans retail malls, oil and gas sector, industrial facilities, education sector, leisure and residential compounds and banking.
The company’s reputation of excellent quality standards is stone carved through multiple ISO certifications.