May 23, 2024

Majarrah partners with Savills Egypt

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Bonyan for Investment assigns Savills Egypt to manage its mixed-use commercial space Majarrah
Bonyan for Investment assigns Savills Egypt to manage its mixed-use commercial space Majarrah

Majarrah, the retail and commercial mixed-use development founded by Bonyan for Investment and Development, has announced its collaboration with Savills Egypt. The signing ceremony took place on Majarrah’s premises in Sheikh Zayed and was attended by Engineer Nehad Ragab, Chairman of Majarrah, Seif Thabet, Vice Chairman of Bonyan for Investment and Development, and Catesby Langer-Paget, Head of Savills Egypt.

savills and Bonyan  logo

Savills Egypt will be providing Majarrah with the following services: property management, tenancy, leasing as well as marketing. Through this  dynamic agreement, Savills Egypt and Majarrah, are set to transform the established commercial mixed-use space to become a thriving entrepreneurial and creative destination strategically located on the 26th of July corridor. The destination’s rebranding in line with its positioning has begun last month and a competitive plan is being rolled out to enhance its market presence attracting key players in the entrepreneurial and creative space.

Engineer Nehad Ragab, Chairman of Majarrah, expressed his enthusiasm stating, “Our collaboration with Savills Egypt marks a turning point in our journey. The shared vision to reinvent an established asset showcases our commitment to delivering excellence. Savills’ expertise resonates perfectly with our aspiration to redefine the commercial mixed-use landscape.”

Savills

Catesby Langer-Paget, Head of Savills Egypt, echoed the sentiment, highlighting the implications of this agreement, “this collaboration exemplifies the harmonious fusion of our capabilities with Majarrah’s vision. By seamlessly integrating strategies that encompass every facet of the asset, we ensure that Majarrah not only competes but excels in the market. Together, we are shaping a future where innovation and customer-centricity prevail.”

Q4 2023 will see remarkable achievements in reinvigorating Majarrah from on ground rebranding to securing key tenants and hosting innovative experiences. Majarrah currently has four main buildings, that is hosting with high-end offices. These buildings are surrounded by several mixed-use retail spaces, accommodating businesses from different industries such as Designy by Amr Helmy, Temraza and a Volvo dealership. Adding to that, the commercial complex will host Majarrah Market Street, which aims to provide a luxurious dining experience.

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