MG Developments, a leading Egyptian real estate and tourism development firm, has appointed JLL, a global real estate and investment management consultancy, to oversee leasing and property management for its upcoming HQ Mall project in New Cairo, Invest-Gate reports.

This mixed-use development, located at 90th North Street, is designed to offer modern, flexible office spaces tailored to meet the area’s growing demand.

Mohamed Motawea, Chairman of MG Developments, and Ayman Sami, Country Head of JLL Egypt, formalized the agreement, with Aya El-Shenawy, MG Developments’ Commercial Director, also in attendance.

Mohamed Motawea, for his part, highlighted that this partnership underscores MG Developments’ collaboration strategy with international firms to attract top-tier brands. This approach aims to enhance commercial services and provide diverse administrative offices to meet the high operational demands in New Cairo’s Fifth Settlement, a rapidly expanding area known for its vibrant business environment.

Moreover, Aya El-Shenawy further noted that MG Developments, with its strong track record of working with leading brands across various sectors, is well-positioned to deliver on the HQ project. She emphasized that the project builds on the company’s 27-year legacy of successful residential, touristic, and commercial developments, positioning it as a key player in Egypt’s real estate market.

Furthermore, Ayman Sami of JLL expressed enthusiasm about the collaboration, stating, “We are pleased to bring our leasing and property management expertise to MG Developments’ HQ project.”

“We aim to maximize value and drive operational efficiency, ensuring the project’s success in a highly competitive market,” Sami added.

Notably, the HQ Mall project represents a significant milestone for MG Developments, which continues to expand its portfolio in one of Cairo’s most sought-after districts.