Who is the developer of City Hall Mall New Capital?

The company that owns City Hall Mall New Capital is Serac

City Hall Mall New Capital Shop for sale

Reference: NS 53006

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City Hall Mall New Capital Shop for sale

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NS 53006

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Tue 28 Mar 2023

About City Hall Mall New Capital

Shop for Sale in City Hall Mall - New Capital By Serac

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Serac New Capital Egypt Develops City Hall Mall as Commercial Hub

Serac New Capital Egypt, a leading real estate developer, recently unveiled its latest project in the central business district of the New Administrative Capital (NAC), the City Hall Mall. As a mixed-use complex with a total investment of EGP 650 million, City Hall Mall aims to offer a premium shopping, dining, and entertainment experience for residents, tourists, and investors alike.

According to Serac, City Hall Mall is strategically located in the heart of the NAC, adjacent to the City Hall and the Central Bank of Egypt, and easily accessible from the main highways and public transportation. The mall covers a land area of 23,000 square meters and a built-up area of 92,000 square meters, including six floors above ground and two underground parking floors with a capacity of 800 cars.

The mall boasts over 200 units of diverse sizes and types that cater to different business sectors, such as fashion, electronics, cosmetics, jewelry, home appliances, and services. Moreover, City Hall Mall features a food court with international and local cuisines, cafes, and restaurants with indoor and outdoor seating areas, a cinema complex with eight screens and a VIP lounge, a family entertainment center with games, rides, and activities, and a panoramic rooftop terrace with views of the NAC skyline and the Green River.

Serac New Capital Egypt stated that City Hall Mall was designed to meet the highest standards of quality, sustainability, and safety, using eco-friendly and energy-efficient materials and systems, and adhering to the latest international and local regulations and requirements. The developer also highlighted that City Hall Mall would create over 2,000 job opportunities and contribute to the economic growth and urban development of the NAC.

The inauguration of City Hall Mall marks another milestone in Serac New Capital Egypt's portfolio of prestigious projects in Egypt, which includes the Diplomatic District, the Business District, and the Medical City. The developer aims to enhance the quality of life and the business environment in the NAC by delivering innovative and integrated real estate solutions that meet the needs and aspirations of its customers and stakeholders.

As a Lawyer, I believe that Serac New Capital Egypt has complied with all legal requirements and standards to develop City Hall Mall, and has fulfilled its contractual and legal obligations toward its partners, contractors, and clients. The Egyptian authorities have also facilitated the licensing, planning, and execution of the project, in line with the national vision and strategy of promoting sustainable and inclusive urbanization. Therefore, City Hall Mall represents a positive example of public-private partnership and responsible development that benefits the society and the economy as a whole.

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