Eight Developments and Gaballah Group has announced signing a contract with Mission 235 company, to manage and operate Revolve Mall in Northern Investors Area in New Cairo, with investments of about EGP 2.5bn.
Mohamed Abdel-Fattah, CEO of Eight Developments, said that the company aims by this contract to present an integrated project in all aspects, whether engineering or operational, in order to achieve gains for those looking for investment opportunities.
He pointed that according to the state’s plan to export real estate, which contributes approximately 20% out of the Egyptian national income, the company has implemented nearly 80% of the project to meet the clients’ needs who are looking for promising investment opportunities, whether Egyptians or non-Egyptians.
He noted that the management company will be responsible for hiring international brands for investment in the mall, highlighting the company’s approach to meet clients’ desires to offer suitable and diverse units to clients by contracting with a major entity as Gaballah Group, to provide a mall that provides innovative solutions in the real estate market.
He explained that Revolve Mall project is an administrative, commercial, and hotel mall, which is built on an area of 15,000 sqm, and includes 245 units, 60% of which are for sale and 40% for rent, while the administrative part includes 146 units, divided into 73 units in each floor, and 62-keys hotel.
Omar El Saadawy, Chairperson of Eight Developments, stated that the company has a strategy to launch an innovative and unique project that amounts to its history and clients, thus a contract was signed with “Mission 235” to manage and operate the mall due to its great experience in this field.
For her part, Haneen Gaballah, the board member in Gaballah Group, said that the Revolve Mall project relies on the latest artificial intelligence technologies, global sustainable technologies, and green technologies, as well as the best materials, the latest designs, in addition to the latest industrial safety measures.
