Safwa Urban Development (SUD) has signed a strategic partnership with global workspace operator Regus, as part of its ongoing commitment to collaborating with international firms that boost the investment value of its projects, Invest-Gate reports.
Under the agreement, Regus will manage and operate spaces within four of SUD’s prominent developments across four different cities.
Board Member of SUD Eng. Ali Shalaby stated, “This agreement reflects our company’s dedication to delivering a premium operational experience that meets the highest international standards. This will be achieved by leveraging Regus’ extensive global expertise in offering flexible office solutions and professional work environments.”
Shalaby said that this strategic partnership is a key milestone in advancing SUD’s vision of creating integrated business communities and enhancing the market value of its projects, particularly amid the fierce competition in Egypt’s real estate sector.
He highlighted the importance of this collaboration in delivering a premium operational model that provides a distinctive experience for both investors and entrepreneurs.
This marks the second collaboration with Regus, as SUD’s European branch is already leased through the company, he added, reflecting the high level of trust between the two parties.
Shalaby commented, “This agreement enhances the investment value of the company’s projects and strengthens the trust of its clients and success partners. Having a global operator with extensive experience in managing workspaces gives the company’s projects a strong competitive edge in the market, both in terms of operational efficiency and the quality of services provided to tenants and investors.”
These projects include Capital Heights 1, which stretches over 50 acres and comprises 2,000 residential units, located directly on a central axis and opposite Nativity of Christ Cathedral. In addition, Capital Heights 2 covers 57 acres and has 2,450 residential units and palaces, some of which have areas reaching 1,095 sqm.
Meanwhile, Capital Hub 1 is a 30,000 sqm commercial center situated in one of the most vibrant areas of the New Administrative Capital.
The fourth project is Hub 2, which covers 35,000 sqm and is located in one of the best areas of the New Capital. The project consists of a basement, ground floor, and two upper floors. Additionally, there is the Financial Hub project, situated in the heart of the Financial District and the Bank District.
Additionally, the company also owns projects in Obour City, where it is developing the High City compound, located on the central axis of Obour City. The compound will cover a total area of 36 feddans, with the first phase already delivered. Additionally, there is High City Mall in Obour City, directly on the central axis, covering 18,000 sqm.