City Edge Partners Counsel Masters to Lease, Manage North Square Mall

City Edge Partners Counsel Masters to Lease, Manage North Square Mall

City Edge Developments announces signing a partnership agreement with Counsel Masters to lease, manage, and market North Square Mall in New Alamein City, Invest-Gate reports.

North Square spans over 164,000 sqm and, and it is set for operation in summer 2022.

Being the North Coast’s first entertainment hub overlooking the Mediterranean and the Corniche, the project offers 86,000 sqm to be leased, and features commercial and cultural sites and restaurants, in addition to parking with a capacity of 3,200 cars.

Moreover, the project includes a hotel with 22 rooms ready for summer 2022, besides 46 rooms that will be ready by summer 2023, in addition to a 6,000-meter beach to provide North Square a great experience for New Alamein visitors and the entire North Coast.

Abdel Moteleb Mamdouh, vice chairman of NUCA, says, “New Alamein is set to host 2 mn residents by 2030 and is projected to start delivering housing units this year aligns with the state’s plan to make progress in construction work in 4G cities.”

For his part, Mohamed El Dahan, CEO of City Edge Developments, says after completing the construction phase, “We are bringing a unique complex featuring the biggest international and local experiences in shopping in the North Coast”. El Dahan notes that the project combines sports and leisure activities, hotel services and shopping stores in one place.

Alike, George Mitri, chairman of Counsel Masters, states, “We are proud of the confidence from the Urban Communities Authority and City Edge for the second time in a row, to manage and operate North Square project after our success in managing and operating phase I of Mamshah Ahl Masr.”

“This project will expand the company’s business in managing and operating the tourism and entertainment parts, in addition to making North Square a global tourist destination in New Alamein,” Mitri believes.

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