Redcon-IMG

ROCC signs a leasing agreement with Fashion International Group (FIG) to include 18 international leading franchised brands at Golden Gate. 

Ahmed Abdallah: The agreement is the beginning of a series of global partnerships to realize the concept of ‘Outdoor Retail Experience.’ 

Cairo, Egypt – 7 September 2022 –  As a testament to its credibility in fulfilling its plans, REDCON for Offices and Commercial Centers (ROCC), has signed a leasing agreement with Fashion International Group (FIG), a multinational retail company with more than 20 international leading franchised brands, to include 18 international leading franchised brands in Golden Gate project, ROCC’s first mixed-use development (commercial – administrative – entertainment). The agreement was signed in the presence of Mr. Ahmed Abdullah, Vice chairman of ROCC’s Board of Directors. Eng, Hisham Moussa, the Chief Executive Officer of ROCC and Mr. Adel Al Bana, Chief Operating Officer of FIG.  

The agreement includes 18 high-end fashion and retail stores from FIG’s franchised brands that complement the essence of the Golden Gate project, which is considered one of the leading mixed-use developments that provides distinguished services to ROCC’s clients. The agreement is part of ROCC’s strategy to create a distinctive lifestyle destination and set a new benchmark in integrated services.   

Ahmed Abdullah, Vice chairman of ROCC’s Board of Directors, expressed his excitement about this agreement, mentioning that this agreement is the beginning of a series of global partnerships planned to fulfill ROCC’s vision and provide a unique shopping experience to its clients. The demand for the Golden Gate project has exceeded all expectations since its launch, whether on the administrative or commercial front. ROCC has attracted the attention of many potential groups in record time, including some of the most famous international and local franchised brands that cater to all age groups and provide the ultimate retail and dining experience through the new concept of “Outdoor Street Retail”. 

“This comes as a result of ROCC’s awareness of the added value of the commercial real estate sector by providing a different and distinctive experience to the clients and pioneers of the project. This helps ROCC in fulfilling its vision of achieving sustainability and integrated excellence with international quality and standards supported by the sustainable development consultancy ‘DCarbon’, a lead in sustainability consultancy, and ‘Eco Strategies,’. ROCC is keen on obtaining the ‘EDGE’ green building certification, a global system established by the International Finance Corporation (IFC) to assess green buildings and ensure building efficiency in the use of energy, water and construction resources.”, Abdullah added. 

Hisham Moussa, the CEO of ROCC, confirmed that ROCC is interested in providing the best engineering designs. Thus, ROCC has partnered with specialized consulting entities, most notably ‘WATG’ office in London for the concept design, ‘SWA’ for the landscape design, ‘Walker’ as an international parking consultant, and Dr. Usama Okeil as a traffic consultant. In addition to Savills, a global real estate consultancy, JLL, for real estate services and investments management, REDCON Project Management, and Hill International for facility management. Finally, ‘Archvision Consultancy Co.’ for Engineering Consultancy, Amr Abdel Rahman Design and Engineering Consulting Office ‘AACE’ as a structure consultant, and Engineer Hani Ali’s “EMG” office. The goal is to come up with a design that combines modernity and originality to match the surrounding urban theme, and consecutively reflects the Egyptian spirit, culture, and civilization, as well as the downtown area vibe similar to many countries of the world. 

Adel Al Bana, Chief Operating Officer of FIG, said that ROCC was able to impose a distinctive lifestyle for the first time in the Egyptian market, by launching a sustainable landmark according to international quality and standards for commercial and administrative projects. He expressed his appreciation for ROCC’s efforts to provide a distinctive retail and dining experience, as Golden Gate includes a luxury shopping zone, unique dining choices and provides an innovative experience through a six-meter façade window. This gives ROCC’s clients a better chance to learn about all the options and products offered by a variety of 400+ stores. 

Golden Gate is a one-of-a-kind sustainable concept, focusing on creating an upscale lifestyle destination that re-imagines the way people work, shop, dine and play. Golden Gate is a mixed-use development (commercial – administrative – entertainment) on a total of 160,000 square meters plot, comprising of about 100,000 square meters of commercial space, and another 100,000 square meters of administrative office space. Golden Gate is a 1.2 km long project that includes the most efficient underground parking to accommodate up to 8,000 vehicles. The mixed-use project is located in the heart of New Cairo with the largest facade of the project overlooking South 90th Street in front of the American University in Cairo, located between two monorail stations making it easily accessible from any area in Cairo.  

ROCC aims to fully develop Golden Gate project, which will be implemented in two phases; first phase deliveries are expected in the first quarter of 2024 and the second phase in 2025.   

REDCON PROPERTIES SIGNS MOU WITH HONEYWELL FOR ITS PIONEERING SUSTAINABLE COMMUNITY “GOLDEN GATE” 

CAIRO, Egypt, May 30, 2023 – REDCON Properties – the newly established developer arm of REDCON Group, have signed a Memorandum of Understanding (MoU) with Honeywell (Nasdaq: HON) that outlines plans to incorporate advanced smart community and sustainability solutions at Golden Gate, the developer’s pioneering project in New Cairo.  

The MoU provides a framework for collaboration between the companies, and paves the way for Honeywell to provide smart city, community and sustainability solutions along with consultation services for Golden Gate; REDCON Properties first mixed-used development, which will become Egypt’s benchmark for smart communities.  

Ahmed Abdallah, Vice Chairman of REDCON Properties said: “Golden Gate is a critical project as it will set a benchmark of more sustainable communities. We want to collaborate with the best technology providers for smarter solutions incorporated in the project. We’re excited to explore this potential with Honeywell to support the success of our first community project as we build a unique lifestyle destination and set new basis in integrated services.”  

“Honeywell is proud to collaborate with REDCON Properties to help set the standard for smarter and more sustainable communities in the important market of Egypt, while supporting the government’s plans to enhance urban living,” said Ahmed Saleh, business director, Honeywell Building Technologies, North Africa. “We look forward to working with REDCON Properties on making the Golden Gate project a reality and create an example for future communities in the region.”  

Covering an area of 160,000 sqm in the heart of New Cairo, the Golden Gate community includes five districts comprised of mixed-use buildings, standalone offices, retail and a luxury shopping zone. The community will take a sustainability-first approach in its design and construction including the materials used for buildings and walkways and by incorporating renewable energy and water and energy efficiency solutions, electric vehicles and other features aimed at reducing its overall carbon footprint. Golden Gate is based on the values of sustainability and interconnectivity, designed to meet Egypt’s sustainability goals and wider climate change commitments.  

Demonstrating capabilities to drive sustainability initiatives for buildings, Honeywell and Egypt’s Ministry of Communications and Information Technology signed an MoU late last year to advance the energy efficiency of government buildings across Egypt. 

Egypt’s Vision 2030 has placed a strong emphasis on the importance of increasing innovation and achieving national development, both economically and environmentally. Urban expansion has been outlined as a key pillar within the Vision, in which forming smarter cities will help accommodate a growing population and improve quality of life. 

Honeywell is committed to strategically expanding its presence in Egypt and North Africa, enabling more sustainable cities and communities and leading the digitalization of key industry verticals such as airports and transportation, datacenters, healthcare, commercial real estate and hospitality.  

Operating from Cairo, Honeywell works with some of Egypt’s key government and private sector entities in the fields of smart cities, building automation, oil and gas, refining and petrochemicals, defense, aviation, infrastructure development, logistics, security and fire safety. The company has been present in Egypt for more than 50 years and is committed to providing the best talent and technologies to support development across Egypt’s major industries. 

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About REDCON Properties 

REDCON Properties was established in 2022 as the development arm of REDCON Group, specializing in mixed-use real estate projects. The company operates with sustainability as its core value, where it leads the Egyptian real estate sector in the implementation of sustainable building and green architecture, with Golden Gate as its first flagship project. 

REDCON Properties derives its heritage from 30 years of experience of REDCON Constructions, which delivered more than 200 projects, among which are El Alamein Towers, Maspero Towers, Mansoura University, PwC Headquarters, Pharco, Electrolux, Bank Audi – the Company’s first green building that received a LEED silver certificate for its leadership in energy-saving designs and conservation of the environment. 

About Honeywell Building Technologies 

Honeywell Building Technologies (HBT) is transforming the way every building operates to help improve the quality of life. We are a leading building controls company with operations in more than 75 countries supported by a global channel partner network. Commercial building owners and operators use our hardware, software and analytics to help create safe, efficient and productive facilities. Our solutions and services are used in more than 10 million buildings worldwide. 

About Honeywell 

Honeywell (www.honeywell.com) delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom

 On the sidelines of COP28 Schneider Electric signs an MoU with Redcon Properties to boost sustainability at Golden Gate project using AVEVA software solutions 

On the sidelines of the United Nations Climate Change Conference (COP28) held in Dubai, United Arab Emirates, Schneider Electric, the global leader in the digital transformation of energy management and automation, signed a memorandum of understanding (MoU) with Redcon Properties, a leader in sustainable real estate development, to integrate AVEVA’s advanced software solutions, provided by Schneider Electric, into Redcon Properties’ flagship project; Golden Gate, the first sustainable mixed-use development in New Cairo, which standardizes a benchmark for smart sustainable communities in Egypt.  

Within the framework of the MoU, Schneider Electric will integrate AVEVA software solution into the operating systems of Golden Gate project, with an investment worth EGP 20 billion injected from Redcon Properties.  Schneider Electric will equip the project with AVEVA unified operations center to securely visualize enterprise-wide operations using an asset model to apply context to real-time processes, alarms, events, and archived data creating a single common information stream that makes system maintenance and operations more efficient and flexible. The system also effectively manages energy and water consumption and irrigation systems. 

Additionally, a scalable system that enables the integration of the processes and facilities along with enhancing the availability and functionality of the resources around the clock such as elevators and escalators will be implemented. 

The agreement was signed by Sebastian Riez, Cluster President of Schneider Electric Northeast Africa and Levant, Tarek El-Gamal, Chairman of Redcon Properties, Ahmed Abdullah, Vice Chairman of Redcon Properties, and Nayef Bou Chaaya, AVEVA Vice President, Middle East and Africa, at Schneider Electric’s booth at (COP28). 

Commenting on the agreement, Sebastien Riez, Cluster President of Schneider Electric Northeast Africa and Levant, said “The challenges the world is facing because of climate change urged the need for solutions and mechanisms that would help us reduce carbon emissions and rationalize energy consumption. This is Schneider Electric’s role as it continues to be the preferred partner for Egyptian real estate developers by providing state-of-the-art sustainable technologies for smart buildings. Through our portfolio of solutions, we help developers manage and run smart buildings to ensure energy efficiency, enhance residents’ quality of life, and fulfill our commitment to sustainability in Egypt as part of our six long-term sustainability commitments. By expanding our partnership with Redcon Properties, we reinforce the joint efforts to create smart, sustainable, and efficient administrative buildings in Egypt as we aspire to improve the safety, efficiency, and sustainability of the infrastructure of both existing and future smart buildings.” 

Eng. Tarek El-Gamal, Chairman of Redcon Properties, said: “Integrating sustainability across all phases of our projects at Redcon Properties adds immense value to the future communities we seek to shape. Reflecting on this, we’re thrilled to extend our strategic partnership with Schneider Electric, which coincides with our plans to develop of sustainable buildings, in terms of design and construction to increase the efficiency of resource consumption and reduce negative environmental impact through the activation of modern technology deploying AI solutions. We are confident that the capabilities and expertise of Schneider Electric will bolster our efforts in attaining the sustainable development goals in the Golden Gate project and other projects as well.” 

Ahmed Abdullah, Vice Chairman of Redcon Properties, reiterated: “Green buildings are essential to the Egyptian real estate sector development in terms of environmental, economic and social aspects, contributing to elevating the quality and overall value of the sector. At Redcon Properties, we are keen on adopting an internationally advanced construction mechanism that accelerates sustainability fulfillment in our projects. We look forward to the vital role Schneider Electric will play in implementing sustainable solutions in Golden Gate to enhance operational efficiency, build a fertile investment environment to meet our customers’ aspirations and achieve overall development.” 

Nayef Bou Chaaya, AVEVA Vice President, Middle East and Africa, said: “Deploying AVEVA advanced software bolstered by IoT and data analysis, contributes substantially towards enhancing central control to achieve operation flexibility, reduce energy consumption and cut carbon emissions to net zero emissions, which is synonymous with Redcon Properties’ vision to align Golden Gate with smart sustainable standards, being the first sustainable community in New Cairo.” 

 Golden Gate project is located at the heart of New Cairo occupying an area of 160,000 SQM, with five separate districts encompassing independent offices, commercial units, and a luxury shopping area. The project integrates sustainability standards in its design and construction, starting from the materials used in the buildings and open areas, renewable energy solutions deployed, to water and energy efficiency amongst other features to cut carbon emissions, aiming to achieve Egypt’s sustainability goals in specific and fulfill climate change commitments in general. 

The software solutions provided by AVEVA, currently distributed by Schneider Electric in Egypt, are compatible with a wide range of devices and equipment brands, as the solutions themselves rely on applications of AI, big data, and cloud computing in managing all facilities and services within urban communities to become more efficient and sustainable, with the aim of improving citizens’ quality of life. 

Schneider Electric’s advanced solutions in energy management and automation coupled with AVEVA software solutions can support companies in all sectors to enhance their performance across different divisions, some of which are; engineering, operations, and maintenance, contributing to increased productivity, achieving cost-efficiency, boosting profitability rates and reduce risks, which in return aids in promoting sustainability and empowering individuals. Schneider Electric applies the latest technological solutions to regulate energy and natural resources consumption in accordance with international standards. 

Schneider Electric partook a role in COP27, which was held in Sharm El-Sheikh in November 2022, with a set of activities that reflected its commitment to combat the climate crisis, as the Company signed 8 MoUs with major real estate development companies in Egypt, to provide solutions for buildings smart cities for developers’ flagship projects. The Company also signed an MoU with Redcon Properties, to equip the developer’s projects with smart solutions to aid in the attainment of the shift towards a green economy and implement sustainable standards. 

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About REDCON Properties: 

REDCON Properties was established in 2019 as the development arm of REDCON Group, specializing in mixed-use real estate projects. The Company operates with sustainability as its core value, where it leads the Egyptian real estate sector in the implementation of sustainable building and green architecture, with Golden Gate as its first flagship project. 

REDCON Properties derives its heritage from 30 years of experience with REDCON Constructions, which delivered more than 200 projects, among which are El Alamein Towers, Maspero Towers, Mansoura University, PwC Headquarters, Pharco, Electrolux, Bank Audi – the Company’s first green building that received a LEED silver certificate for its leadership in energy-saving designs and conservation of the environment. 

About Schneider Electric: 

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. 

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.  

www.se.com