Regency Park Development, a prominent real estate company in the Egyptian market, has announced the opening of sales for the second phase of the Regency Mall project, Invest-Gate reports.

This follows the successful completion of sales for the first phase, which attracted investments exceeding EGP 500 mn.

In order to continue its achievements in the Egyptian real estate market, Regency Park Development has partnered with the renowned brand Bucharest Black. This collaboration follows a previous agreement with EGY MAP, a leading entity in mall management, operation, and housing, known for its strong portfolio of international brands.

Nadi Monged, Chairman of Regency Park Development, expressed satisfaction with the completion of sales for the first phase of the Regency Mall project and the commencement of sales for the second phase. Monged commended the cooperation with EGY MAP, highlighting the anticipated successes in the upcoming period.

Monged further added that construction progress for the Regency Mall project is on track, adhering to the established timeline, with work underway at full capacity.

Regency Park Development and EGY MAP, a leading company in mall management, operation, and housing with a strong brand portfolio, have signed an agreement for the operation, management, and housing of the largest mall in October Gardens.

The mall spans approximately 3,825 sqm and comprises commercial lower ground, commercial ground floors, as well as first commercial, second medical, third administrative floors, and a sky roof.

Abdulrahman Saber, Chairman of EGY MAP, expressed delight in collaborating with Regency Park, a renowned real estate development company with a track record of over 20 years in establishing residential and commercial projects both domestically and internationally, particularly in Saudi Arabia.

Saber highlighted the company’s unique approach to project establishment and development, as well as their commitment to safeguarding customers’ investments through effective management, operation, and tenancy of the mall with the strongest international brands. This strategy ensures the best and highest returns on investment, and serves as a promising start towards achieving success in future projects.