Egyptian Group collaborates with KAD on the Isola Sheraton project, coinciding with the start of the handover of its first phase.
In a move reflecting its strong focus on after-sales services to ensure the highest quality standards in its projects, and based on a business philosophy centered on development, growth, and preserving investment value, Egyptian Real Estate Development Group signed a cooperation agreement with KAD Company for the “Isola Sheraton” project, coinciding with the commencement of the first phase handover.
The agreement was signed by Wathiq Wafiq Abdel Aziz, Chairman of the Board of Directors of Egyptian Real Estate Development Group, and Maha El-Fangary, General Manager of KAD Company, in the presence of Eng. Walid Wafiq, Chairman of the Board of Directors of Egyptian Real Estate Development Group, Ahmed Badr, Head of the Commercial Sector at Egyptian Real Estate Development Group, and Ayman Nabil, CEO of KAD Company.
For his part, Wathiq Wafiq Abdel Aziz, Chairman of the Board of Directors of Egyptian Real Estate Development Group, emphasized that collaborating with a specialized management company reflects the group's vision of treating its projects as long-term investment assets, not merely projects to be developed and delivered. He stressed that effective management is a key component in preserving the investment value of these projects.
He explained that the Egyptian Real Estate Development Group boasts over 38 years of experience in the Egyptian market and has successfully built a strong track record based on trust and commitment to its clients. This is evidenced by the delivery of more than 12,000 units in prime locations, which places upon the group the responsibility of preserving the accumulated value of these assets after operation.
He added that professional management is the true guarantee of project quality sustainability and the protection of client investments. He noted that the group's investment portfolio, exceeding EGP 40 billion, necessitates a robust operational system commensurate with the scale of these assets. He pointed out that the selection of KAD was part of the company's strategy to partner with strong entities.
He further indicated that the group's international expansion into Canada since 2011 has reinforced its conviction in the importance of having a professional management partner, given that advanced markets measure a developer's success by their ability to manage and operate their assets with an efficiency that matches the quality of their initial construction.
For his part, Engineer Walid Wafik, Chairman of the Board of Directors of the Egyptian Company, explained that the “Isola Sheraton” project is one of the group’s most important projects. Developed on 45 acres directly on Al-Sa’iqa Street, in partnership with the Engineering Authority of the Armed Forces, it was launched in early 2023.
He added that the commencement of deliveries for the first phase, following the completion of the final stages of construction, embodies the company’s practical commitment under the slogan “Isola Sheraton… A promise fulfilled and delivered on time.” He emphasized that the project’s success is not achieved solely through disciplined engineering execution, but also through operational management capable of maintaining those same standards.
He pointed out that the company’s philosophy in developing mixed-use projects, such as “Isola Sheraton,” which includes diverse residential units ranging from apartments to villas, along with a 1,500-meter-long strip mall housing commercial, administrative, and medical facilities, necessitates a specialized management team to ensure the integration of these components and maintain the project’s high daily performance.
Ahmed Badr, Head of the Commercial Sector at Egyptian Real Estate Development Company, emphasized that the real estate market has become more aware of the importance of management, and that clients are no longer simply buying a unit, but rather a comprehensive experience and long-term stability in the value of their investment.
He explained that the presence of KAD directly impacts the marketing strength of the project and gives clients and investors greater confidence in the sustainability of returns and the quality of services, especially in projects that combine residential, commercial, administrative, and medical facilities.
He added that the group's strategy for the coming phase, coinciding with its preparations to launch a new portfolio of projects in early 2026 in New Cairo, Sheikh Zayed, and the North Coast, involves the company working to link development with management from the initial planning stages. This enhances competitiveness and maintains the group's brand reputation in the market.
For her part, Maha El-Fangary, General Manager of KAD, confirmed that taking over the "Isola Sheraton" project represents a qualitative addition to the company's portfolio and reflects the confidence of an entity the size of the Egyptian Group of Companies in the operational expertise that KAD provides in facilities management.
She explained that the company adopts an integrated management system based on the application of clear operating standards, precise control systems, and continuous follow-up mechanisms that ensure the preservation of asset quality and maximizing its operational efficiency, noting that managing a multi-use project of this size requires a flexible operational vision capable of achieving a balance between residential, commercial, administrative, and medical components, in order to ensure an integrated user experience and a sustainable return for investors.