Latest news with #tenantexperience
Zawya
27-05-2025
- Business
- Zawya
Savills Egypt reports $55mln in 2024 tenant sales, cites ESG, retail initiatives
Savills Egypt Property Management reported EGP 2.76bn in tenant sales across its managed portfolio for the year 2024, according to its 'Key Highlights: Property Management' report released on 25 May 2025. The company attributed this performance to its strategic focus on tenant experience, operational efficiency, and sustainability-driven asset enhancement. The firm managed nine major mixed-use properties across Egypt, serving nearly 17 million consumers in 2024. The property management team oversaw 738 tenants, facilitated 120 new store openings, and organised 102 events which collectively attracted more than 1.75 million visitors. Additionally, over 13,000 operational service tickets were resolved. Environmental and resource-saving measures were a core component of Savills Egypt's operations in 2024. At one of Savills' managed properties, 83% of waste was recycled, and water consumption was reduced by 16% through the implementation of flow regulators and automated irrigation systems. Despite a 7% increase in occupancy at this property, electricity usage was reduced by 2% via smart programming and systems integration. The adoption of renewable energy also progressed, with 11.4% of the same property's electricity sourced from solar PV panels. Electric vehicle infrastructure was expanded with the installation of 12 charging stations and two e-mobility docking sites for bicycles and scooters. The introduction of a Building Management System (BMS) in chilled water stations led to reported savings of 9.5% in electricity, 21.3% in gas, and 12% in water compared to 2023 divs. Social impact initiatives included annual charity bazaars and booths, alongside community engagement activities such as recycled art workshops and installations. 'This year's achievements are the result of close collaboration with our clients, tenants, and community partners,' said Corina Stamate, Head of Property Management at Savills Egypt. 'We're proud not just of the sales divs or event footfall, but of how we've embedded sustainability, innovation, and experience into every aspect of our operations. Property management today is about creating destinations people want to be part of.' In 2024, Savills Egypt's managed assets introduced several first-to-market retail concepts. These included Africa's first Chuck E-Cheese, Cairo's first indoor padel facility, and the first branches in Egypt of SSS outlet, a Lotus Car concept store, and a Smart Car showroom, among others. The portfolio also saw the opening of the first Carrefour in the New Administrative Capital and hosted flagship openings for Aubaine London, Daily Dose, and Passionelle, alongside the debut of Kamelizer's co-working space in West Cairo. Savills Egypt also focused on turning its properties into active destinations through large-scale events and entertainment. The LA (Lydia Akram) Market drew over 25,000 visitors, while the Lokamania Bazaar attracted more than 20,000 attendees. Entertainment programming included Rodeo Misr and exclusive premieres of 'The Goats' and 'Beyond the Tank' in partnership with Vodafone. These events, coupled with various activations and marketing campaigns, contributed to attracting the 17 million consumers across its managed properties in 2024. Looking ahead, Savills Egypt stated it remains focused on advancing sustainability, elevating tenant experiences, and expanding its management capabilities. Plans for 2025 include the launch of new service lines within the property management business, the expansion of Savills' portfolio, particularly towards East Cairo, and the introduction ofcorporate and demise services. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
25-05-2025
- Business
- Zawya
Savills Egypt drives EGP 2.76bln in tenant sales in 2024
Strong footfall, flagship brand openings, and measurable sustainability milestones cement Savills Egypt's position as a property management leader. Cairo, Egypt – Savills Egypt Property Management reported EGP 2.76 billion in tenant sales across its managed portfolio in 2024, according to its latest 'Key Highlights: Property Management' report. The performance reflects the company's strategic focus on tenant experience, operational efficiency, and sustainability-driven asset enhancement. Exceptional Scale and Operational Results Managing nine major mixed-use properties across Egypt, Savills Egypt served nearly 17 million consumers in 2024. The team oversaw 738 tenants, facilitated 120 new store openings, and organized 102 events that collectively attracted more than 1.75 million visitors. In addition, over 13,000 operational service tickets were resolved, underscoring the company's responsiveness and on-the-ground presence. ESG Commitments Translated into Action Environmental and resource-saving results across the portfolio were at the core of Savills Egypt's track record in 2024. At one of Savills' managed properties, 83% of waste was recycled, while water consumption was reduced by 16% through the implementation of flow regulators and automated irrigation. Despite a 7% increase in occupancy, electricity usage was reduced by 2% via smart programming and systems integration. Renewable energy adoption also gained ground, with 11.4% of the property's electricity sourced from solar PV panels. EV infrastructure was expanded with 12 charging stations and two e-mobility docking sites for bikes and scooters. The introduction of a Building Management System (BMS) in chilled water stations led to savings of 9.5% in electricity, 21.3% in gas, and 12% in water compared to 2023. Social impact initiatives included annual charity bazaars and booths, as well as community engagement through recycled art workshops and installations. Leadership Perspective 'This year's achievements are the result of close collaboration with our clients, tenants, and community partners,' said Corina Stamate, Head of Property Management at Savills Egypt. 'We're proud not just of the sales figures or event footfall, but of how we've embedded sustainability, innovation, and experience into every aspect of our operations. Property management today is about creating destinations people want to be part of.' Retail Innovation and First-to-Market Concepts Savills Egypt's managed assets welcomed a series of first-to-market retail concepts in 2024. These included Africa's first Chuck E-Cheese, Cairo's first indoor padel facility, and the first branches of SSS outlet, Lotus Car concept store and Smart Car showroom in Egypt, among others. The portfolio also introduced the first Carrefour in the New Administrative Capital and hosted flagship openings for Aubaine London, Daily Dose, and Passionelle, alongside the debut of Kamelizer's co-working space in West Cairo. Activating Destinations Through Events and Culture Savills Egypt also turned its properties into thriving destinations through large-scale events and entertainment activations. The LA (Lydia Akram) Market drew over 25,000 visitors, while the Lokamania Bazaar attracted more than 20,000. Entertainment programming included Rodeo Misr and exclusive premieres of 'The Goats' and 'Beyond the Tank' in partnership with Vodafone, among others. Coupled with various activations and marketing campaigns, Savills Egypt was able to attract 17 million consumers across its managed properties in 2024. Looking Ahead Savills Egypt remains focused on advancing sustainability, elevating tenant experiences, and expanding its management capabilities across the country. Plans for 2025 include the launch of new service lines across the property management business, the expansion of Savills' portfolio, specifically in towards East Cairo, as well as the introduction of corporate and demise services. About Savills Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt and Saudi Arabia. Since its launch in 2019, Savills Egypt has quadrupled in size, with over 185 employees to date. Savills brings the Egyptian market a wide range of specialist services from property management, project management, strategic consultancy, interior design as well as marketing and corporate services. Savills Egypt is a consultant for the largest real estate developers across the country, For more information, please visit For media inquiries, please contact: Rahma Hussein |
