Square Seven signs a cooperation agreement with VESTA to empower their clients/homeowners by turning their idle and vacant properties into professionally managed, fully serviced luxury units, Invest-Gate reports.

These units are, in turn, showcased in the international rental market to ensure steady returns on investment throughout the year.

Ali Abdel Ghaffar, Founder & CEO of Square Seven, states that his company has foreseen the prospect of utilizing properties during periods when they are not occupied by their owners. On that account, he identifies the opportunity of collaborating with VESTA.

Abdel Ghaffar adds that this cooperation kicks off with 54 units in various prime locations by the Red Sea, Sheikh Zayed, New Cairo, and North Coast, and the company plans to expand the number of units that are managed as a hotel through VESTA.

Miranda Guirguis, Founder of Miranda Homes, assures that the cooperation between Square Seven and VESTA brings great mutual benefits to both parties. Square Seven provides more comprehensive services to its clients and increases the returns on their units and VESTA benefits from Square Seven’s clients base and real estate projects, as well as its presence outside of Egypt through the company’s branch in Canada.

Besides, VESTA will have access to the company’s foreign client base through its newly opened branch in Toronto and the opportunity to manage their properties in Egypt.

Haitham Faris, Founder and CEO of VESTA Hospitality, says that the company’s goal is to exponentially grow its portfolio of properties locally and move forward regionally within the coming two years.