Centro Real Estate has launched its latest project, Gate 9 Mall, in Obour City, marking a significant step in the company’s expansion strategy. The mall spans over 3,000 sqm of retail space, backed by an investment of EGP 500mn, Invest-Gate reports.

Wael Ramadan, Chairman of Centro Real Estate, highlighted that the mall reflects the company’s commitment to providing a comprehensive shopping and entertainment experience for Obour City residents and surrounding areas. The first phase of the project aims to generate EGP 200mn in revenue.

Located in the Ninth District, Gate 9 Mall sits on two main streets with direct views of Al-Thaqafa Street and University Street. Its strategic position near key routes such as the Cairo-Ismailia Road and Obour Main Axis, as well as premium residential areas, ensures easy access and strong investment potential.

The mixed-use development includes commercial, administrative, and medical spaces, with a ground floor plus three upper floors and a basement. It features modern amenities, including smart security systems, an underground parking garage, elevators, and open promenades with restaurants, cafes, and green spaces.

Commercial units start from 26 sqm, administrative units from 20 sqm, and medical units from 20 sqm, with full finishing. The units are set to be delivered within three years. Additionally, administrative spaces range from 45 sqm to 250 sqm, catering to companies of varying sizes.

Centro Real Estate remains committed to executing its well-defined plans, with 75 projects in its portfolio. Over 60% of these are currently under construction, and 48 projects are expected to be completed by the end of 2026. This strategic portfolio aims to meet client expectations and adapt to the evolving market landscape.