Toledo Development launches retail units ranging from 48 to 3,000 sqm at competitive rents within Gardenia City Walk Mall, one of its strip mall projects serving over 160,000 residents of surrounding communities, Invest-Gate reports.

Chairman Mohamed Hammam says the Gardenia City Walk mall with 40,000 sqm is Cairo’s largest strip mall located in a prime location close to major traffic arteries, boosting rental yields by up to 3 times.

“The location ensures high density and occupancy,” Hammam says, adding that the project is designed professionally and will offer the highest quality finishings, and the company chose the site carefully to maximize occupancy.

Hammam maintains that Toledo operates within a clear plan to be a leading developer, gain customers’ trust, and build unique projects. Toledo’s Saudi subsidiary built multiple projects in the Kingdom, he reveals.

CEO Omar Hammam unveils that the mall includes a 3,000 sqm hypermarket space and a 3,800 sqm medical centre.

“Toledo enters Egypt’s real estate market to tap investment opportunities amid an urban renaissance,” the CEO says, revealing Toledo Group was launched to develop studied projects catering to market needs.

For his part, General Manager Mohamed Fathi states that the mall has a banking area, restaurants, service centres and a car service area catering to Gardenia City, Taj City and Tag Sultan communities around the mall just minutes away.

Fathi cites high occupancy in surrounding projects, saying the mall will provide various investment activities for residents.

“The high occupancy guarantees high rental yields for unit owners and ensures diverse offerings for mall visitors,” he adds.