Real estate developer Urbnlanes signs an exclusive strategic consultancy and design review agreement with global property consultant Savills for all of the former’s projects, Invest-Gate reports.
Urbnlanes is implementing three projects in the New Administrative Capital and the New Cairo’s 5th Settlement district with total investments of EGP 11 bn.
Urbnlanes’ CEO Fadi Emeel Abdalla says: “The protocol we signed with Savills aims to benefit from its advisory services, and it is part of the company’s plan to develop its vision of the real estate market, as well as develop the performance of its platforms and promote the concept of modern and integrated construction.”
Under the agreement, Savills will provide Urbnlanes’ projects with a market study, tenant mix, and leasing strategy.
Savills will also offer Urbnlanes suggested leasing terms for all commercial units, as well as design review services.
Head of Savills Egypt, Catesby Langer-Paget, notes: “Based on our extensive experience in the real estate market whether locally, regionally, or globally, we are confident that Savills services will provide extensive value to Urbnlanes projects.”