• MARAKEZ ahead of schedule delivery underlines its commitment to exceed the expectations and the trust of its homeowners and partners
  • Gallery - the first tenant at Mindhaus Campus opens this Friday, 4th of February, 2022.
  • New Cairo and New Katameya specifically now has a new state of the art office space in D5 making it an economic hub
  • District 5’s Neighborhood B welcomes the first homeowners
  • MARAKEZ Moving its Head office to Mindhaus Campus before summer

Cairo, Egypt: – MARAKEZ, one of the largest mixed-use developers in Egypt delivers the first residential units in District 5 and the first administrative units of Mindhaus Campus ahead of schedule.

District 5 is MARAKEZ’s latest development in Egypt and its signature project in East Cairo comprised of District Five Residences, Mindhaus and D5M, residential, administrative and commercial respectively. A total of 100 residential units in District 5 Residences are being delivered with no delays despite the global pandemic. While almost half of District Five Residences is completed, neighborhoods B and C are being delivered.

On another note, Mindhaus Campus community continues to grow as more businesses move in. In addition to TAM Gallery, Mindhaus’ first tenant to operate, the list includes AZADEA Group, Red Bull, Eklego, Breadfast, Wheelhouse Café, The Design Avenue, Sigma Contractors, Reference for Architecture, Blue Ribbon, just to name a few.

“From office space to retail space, from high-rise living to quaint courtyard homes, MARAKEZ continues its stellar track record of delivering projects on time or early,” said Basil Ramzy, CEO of MARAKEZ. “District 5 is just an example of our award-winning approach to mixed-use development that is based on innovation and ingenuity. We welcome TAM.Gallery to Mindhaus and look forward to joining D5 community by having MARAKEZ head office at Mindhaus in the first half of 2022.”

The first tenant to open at Mindhaus is TAM.Gallery who are launching their showroom and will embark on holding regular art exhibitions as well as art fairs.

“District 5’s strategic location was a great choice for TAM.Gallery. Our 1,000 sqm space is now minutes away from Maadi, Road 90, Heliopolis and even Sokhna. Being the largest multi-platform art organization comprised of both online and offline galleries, with over 9,000 art pieces and a continuously expanding portfolio of over 500 contemporary Egyptian artists, we’re happy to have partnered up with a respectable innovative developer like MARAKEZ and are thrilled that our inaugural show is the Cairo Art Fair, which is the largest exhibition of contemporary Egyptian art in the region. In its 7th edition, Cairo Art Fair introduces many new artists alongside our roster of artists! Both prominent and emerging artists will be showcasing their work in a synergised setting; breaking the boundaries of format, participation, and presenting an honest reflection of today’s Egyptian art scene.”

District 5 is an ambitious mixed-use development that has started reshaping East Cairo by bringing together the five key elements required to create a vibrant and thriving community: live, play, grow, shop and work living. District 5’s an incentive for potential investors to locate here where quality services, accommodation and a ‘pro-business’ environment are available. The new community of leasable and sellable office spaces has been specifically designed to meet the evolving business needs of today’s fast-paced companies.

MARAKEZ is implementing a strategic investment plan in Egypt of more than EGP 21 billion focusing on key projects in Cairo and other governorates. MARAKEZ opened Mall of Tanta in 2019, the largest mall in the Delta region and the El Gharbeya governorate’s first internationally modeled mall, as well as Town Center El Salam in 2020, and plans to open Mall of Mansoura in 2023.

-Ends-

About MARAKEZ for Real Estate Investment

MARAKEZ is a subsidiary of the Saudi Arabian conglomerate and largest mall developer and operator in the region – The Fawaz AlHokair Group. MARAKEZ is one of the largest mixed-use developers in Egypt with a portfolio of projects with one of the highest recurring revenue profiles in the country. Anchored by the flagship Mall of Arabia in West Cairo, MARAKEZ projects include the first residential towers in 6thOctober, AEON, as well as D5M, Mindhaus and District Five residential project in New Katameya. In addition to the opening of Mall of Tanta in 2019, Town Center in 2020 and the upcoming opening of Mall of Mansoura in 2023.

For more information, please visit:
www.marakez.net 
www.fawazalhokair.com 
www.arabiancentres.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2022

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.