Latest news with #LaFayette
Economic Key
01-06-2025
- Business
- Economic Key
Hometown for Development Signs Agreement with Savills Egypt
Hometown for Real Estate As part of its preparations to launch and operate its pioneering commercial projects in the New Administrative Capital, Hometown for Real Estate Development has signed a contract with Savills Egypt to provide management and operational consulting across these projects. This step aims to ensure the highest standards of operational efficiency and quality and enhance the customer experience in these developments. The agreement was signed by Mr. Diaa El-Din Farag, Chairman of Hometown for Real Estate Development, and Catesby Langer-Paget, Head of Savills Egypt. The signing took place during a press conference organized by the company at one of its projects in the New Administrative Capital, in the presence of several executives from both companies and a number of journalists and media professionals. Mr. Diaa El-Din Farag confirmed that choosing Savills Egypt, one of the leading global companies in real estate consulting, reflects Hometown's commitment to providing the highest standards of quality in operations and management for its clients. He explained that the agreement covers four projects: Zaha Park, La Fayette, La Fayette Village, and Udora. He added: 'This collaboration highlights Hometown's commitment to preserving its clients' investments and trust, ensuring the highest return on investment through professional operations that reflect the identity of the company's distinguished projects. It will also enhance the investment value of these developments as real estate assets that represent wealth to be preserved for clients, the company, and the real estate market.' Farag noted that the four projects for which Savills Egypt will provide advisory services are among the most prominent commercial brands in the New Administrative Capital. They represent a new generation of commercial developments requiring an innovative operational strategy, which Savills Egypt will provide. He also pointed out that the next phase will focus heavily on implementing smart operating systems and applying international standards in facility and service management to offer an integrated experience for tenants and visitors while maximizing investment returns for owners and investors. He added that the 'La Fayette' project is a commercial and entertainment development covering 43,000 square meters, located in a prime downtown area directly opposite Al Masa Hotel, specifically at Plot No. 1 in downtown next to the monorail central station. The project consists of a ground floor and five upper floors, in addition to two basement levels. The 'Udora' project is strategically located in a vital area in the heart of the New Administrative Capital, directly opposite Al Masa Hotel and just two minutes from key landmarks such as the central station and the financial and governmental district. This makes it an ideal destination for shopping and entertainment. The company has achieved high completion rates for construction on these projects, reaching up to 95% in some. As for the ZAHA PARK project, it is located in the MU23 area of the New Administrative Capital directly on Al Amal Axis between residential neighborhoods R2 and R3. It will be the first commercial project to be delivered in that area and consists of 10 floors. The project will serve nearly 25,000 residential units, and the electromechanical infrastructure for the project has been completed. The La Fayette Village project is positioned as an entertainment destination in the heart of downtown, and the company has made strong construction progress on it. Diaa El-Din Farag emphasized that this collaboration sets a new model reflecting the direction of real estate development companies in Egypt toward adopting professional and advanced operating methods that ensure project sustainability and optimal investment returns. This enhances the New Administrative Capital's position as a prime investment and commercial destination in the region. Catesby Langer-Paget, Head of Savills Egypt, stated: 'We are pleased to collaborate with one of the key players shaping the real estate and commercial markets in the New Administrative Capital. Through this agreement, we aim to support the operational strategy and customer experience in the four projects through a comprehensive approach, incorporating modern practices aligned with Hometown's vision of effective and sustainable project operation, which supports the goals and vision of the New Administrative Capital.' He pointed out that, according to the signed agreement, Savills Egypt's responsibilities include providing integrated consulting to prepare assets from an operational perspective, setting management and operational strategies, developing a comprehensive leasing strategy that includes tenant mix, occupancy rates, tenant incentives, and detailed financial models covering expected revenues, operational costs, and expense plans. Additionally, Savills will offer innovative insights for revenue generation from common areas (commercialization), prepare operational models, and establish plans for security, cleaning, waste management, parking management, and more. It will also review contracts and lease/sale clauses to ensure long-term protection of the owner's interests. Langer-Paget highlighted that Savills is recognized globally for its expertise in management and operational consulting, with an extensive track record both within Egypt and internationally. Founded in 1855 in the United Kingdom, Savills is a global leader in real estate consultancy, with over 700 offices in more than 70 countries. Its service offering includes asset management, real estate advisory, valuation, leasing, marketing, and property management. Savills began its journey in Egypt several years ago, offering operational, management, strategic consultancy, building & project management, valuations, facility management and marketing for some of the most prominent real estate projects. It is renowned for its advanced expertise in managing and operating mixed-use real estate developments. تم نسخ الرابط
Yahoo
17-04-2025
- Yahoo
GA high school athlete, recent graduate identified as 2 killed in crash
Two people died and one person was seriously injured after a crash in far north Georgia on Tuesday. The crash happened just after 4 p.m. along Ga. 1 near Center Point Road in Walker County. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] LaFayette High School confirmed Wednesday that Brennon Beavers, a junior football player, died in the crash. Beavers also played for the school's baseball team. 'We are heartbroken. Yesterday, we lost one of our own. Brennon Beavers was more than a football player. Brennon was a leader, a brother, and the heart of our locker room. Our team, school, and community are grieving alongside his family, and we ask that you keep them in your prayers. We will honor his life, his number, and his impact every step of the way this season. Once a Rambler, always a Rambler,' the team wrote. We are heartbroken. Yesterday, we lost one of our own. Brennon Beavers was more than a football player. Brennon was... Posted by RamblerFootball on Wednesday, April 16, 2025 WTVC, Channel 2's ABC affiliate in Chattanooga, reports the other victim who died was a recent high school graduate. Walker County Superintendent Damon Raines identified her as Cassidy Mitchell and told WTVC that her brother, Cooper, was injured in the crash. Family members shared their memories of Mitchell on Facebook. Yesterday still doesn't seem real. 💔💔 My boys are heartbroken to have lost their sweet cousin, Cassy. And they are... Posted by Ali LeCroy on Wednesday, April 16, 2025 TRENDING STORIES: Couple wants local bagpiper's family to know that everyone did all they could to save his life Popular beach vacation spot can 'no longer be a Spring Break town' Children's Healthcare of Atlanta welcomes new wellness dog to 'Canines for Kids' team Georgia State Patrol said the crash involved multiple vehicles: a Toyota Tacoma heading south on Ga. 1 in the left southbound lane; a gray Jeep Renegade heading north in the left lane; and a black Nissan Rogue heading north in the right lane. Troopers said the Tacoma driver 'abruptly' went into the northbound lane and collided head-on with the Jeep before overturning. The driver of the Rogue tried to avoid the crash, but hit the back of the Tacoma, according to investigators. Troopers said the drivers of the Tacoma and Renegade died at the scene. They have not identified who was driving which vehicle. What caused the Tacoma driver to veer into the northbound lanes remains under investigation. Schools around the region are showing their support for the LaFayette and Rock Springs community. Chattooga High School, who lost several students in a 2022 crash, says it will encourage students and staff to wear orange and black in support of LaFayette. Several restaurants in LaFayette will also be holding fundraisers later this week. [SIGN UP: WSB-TV Daily Headlines Newsletter]
