Civilia Developments company announced the signing of a number of strategic partnerships with several specialized companies, as part of its preparations to implement and operate its commercial, administrative, and medical project, STEEP Mall, in Sheikh Zayed City, as the project represents a total investment of EGP 2 billion, ensuring a comprehensive experience based on specialization in managing various activities and enhancing the project’s operational and investment value in the long term.
The launch of this new project comes within the framework of Civilia Developments’ strategy to strengthen its presence in the real estate market by developing diverse projects that meet the needs of clients and investors, providing an integrated system of services and activities, thus enhancing the company’s competitiveness and position among market leading entities.
Eng. Mohamed Gad, Chairman of Civilia Developments, said that “STEEP Mall” project represents a significant step in the company’s expansion strategy, through this project, the company aims to move into the commercial, administrative, and medical sectors, building on the success of its “CIV West” residential project, which will allow them to offer an integrated real estate product combining residential units, services, and various commercial activities.
He emphasized that the project is located in the Golden Square area of Sheikh Zayed City, on one of the city’s highest points, giving it a competitive advantage in terms of location and visibility, noting that the company carefully selected the project’s location to align with the nature of the targeted activities and the scale of services it will provide to the surrounding area.
He pointed that “STEEP Mall” is built on a 5,612 square meter plot and consists of three basement levels, a ground floor, and four upper floors, as the targeted construction investment is approximately EGP 2 billion, and the mall will include a diverse range of commercial, administrative, medical, and entertainment activities, achieving integration between different uses and maximizing area utilization.
He clarified that the project includes over 2,500 square meters dedicated to medical activities, approximately 4,000 square meters for administrative areas, and 4,800 square meters for commercial and recreational activities, thus providing a diverse range of uses and serving various segments of clients, companies, and service providers.
Gad added that the company has completed approximately 80% of the construction works on the project before offering any units for sale, besides this approach which was also followed in its first project, “CIV West” reflects the company’s strong financial solvency and its ability to finance and execute its projects according to clear timelines, prioritizing actual implementation and construction progress before commencing the offering and marketing processes.
He explained that the company adopts a philosophy based on developing projects according to a comprehensive vision that extends beyond simply constructing and selling real estate units, as it encompasses pre-planning for operation and management, ensuring the preservation of the project’s quality and investment value, and enhancing its sustainability and competitiveness.
Based on this vision, Civilia Developments, has entered into a series of strategic partnerships with four specialized entities to contribute to the design, management, and operation of STEEP Mall project, as Asset Pillar will manage and operate the mall, E-Spaces will manage and operate the administrative component, Healthy Care will manage and operate the medical section, and ADC will provide engineering consultancy and design services.
These partnerships aim to leverage the specialized experience of each entity and establish an integrated operating system that considers the nature of the various activities within the project, which will contribute to increased operational efficiency, enhanced user experience, and the preservation of the project’s long-term investment value.
