Menassat Developments signs a partnership with the UAE-based Eltizam Asset Management Group, an IHC subsidiary, to manage, operate, and rent the Podia Tower project in the New Administrative Capital (NAC) and its upcoming projects, Invest-Gate reports.
The deal comes within the interest of Menassat Developments to implement the concept of integrated services and provide a distinctive and different real estate product that provides its customers with global services, in addition to its keenness to speed up the project’s implementation
Eltizam Group provides asset management solutions including integrated facilities management, owners’ management association, and power-saving buildings management. The company also manages pioneering and international projects throughout the Arab world such as Al Mouj Muscat in Oman, Al Muhaimat Tower, Horizon Tower in Abu Dhabi, and Index Tower in Dubai.
It is worth noting that Podia Tower is one of the tallest commercial, administrative, and medical towers in the downtown area in NAC (touristic district), it is located directly on the northern axis of Mohammed Bin Zayed, in close proximity to the Central Business District (CBD), Mosque of Egypt, Museum of Capitals, Gold Market, and a few minutes away from Al Massa Hotel and the Monorail station.
Moreover, the tower spans over an area of 19,782 sqm, with 110 m high. Besides, it encompasses 25 floors, three basements, and a ground floor with around 850 units.
The contract is signed at the Eltizam Group headquarters in Dubai, UAE, in the presence of Ahmed Amin Massoud, chairman of Menassat Developments, Tarek Bahaa, CEO of Menassat Developments, Chris Roberts, CEO of Eltizam Asset Management Group, and Mohammed Al Sharaf, divisional CEO of Facilities Management.