Pro Mark Mall is a new commercial project located in the New Administrative Capital of Egypt. The project is expected to become a major landmark in the city, featuring a range of commercial spaces, dining options, entertainment venues, and upscale amenities.
As a lawyer, I will provide an overview of the legal aspects of Pro Mark Mall and its current status.
Legal overview:
Pro Mark Mall is a project developed by Promark Real Estate Development Company, one of the reputable real estate developers in Egypt. The company has obtained all the necessary permits and approvals from the relevant authorities in Egypt, including the New Urban Communities Authority (NUCA) and the Ministry of Housing.
The project has been designed and built in compliance with the applicable laws and regulations governing commercial real estate development in Egypt. This includes adherence to zoning regulations, fire safety standards, environmental protection regulations, and other legal requirements.
As a commercial project, Pro Mark Mall will be subject to various legal agreements, such as leases, contracts, and permits. These legal documents will govern the relationship between the mall and its tenants, as well as the mall and the government authorities.
Current status:
Pro Mark Mall is currently under construction, and the developer expects to deliver the project by the end of 2022. The mall will cover an area of over 26,000 square meters and will have a gross leasable area of around 15,000 square meters.
The mall will feature a mix of local and international brands, with over 70 shops, dining options, and entertainment venues. The project will also include a cinema complex, a children's play area, and a food court, among other facilities.
Conclusion:
Pro Mark Mall is a new commercial project located in the New Administrative Capital of Egypt. The project has been developed by Promark Real Estate Development Company in compliance with the applicable laws and regulations governing commercial real estate development in Egypt. As a lawyer, I can confirm the project’s legal status and recommend it as a promising investment opportunity for those interested in commercial real estate in the New Capital.