+2 01200070979

Shops 129m for sale in Spark Capital Insights Mall New Capital

 
Reference: GB 80362
EGP 14,190,000
MLS Realty
+201200070979
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EGP 14,190,000


Shops 129m for sale in Spark Capital Insights Mall New Capital

Reference:
GB 80362
Price:
EGP 14,190,000 Installment
Price / Sqm:
EGP 110,000 Per Sqm
Store Type:
Other
Finishing Status:
Core & Shell
Area:
129 sqm
Floor No.:
2
Delivery In:
2024
Listed:
Mon 27 Mar 2023
About Spark Capital Insights Mall New Capital

Shop for Sale in Spark Capital Insights Mall - New Capital By Brouq - Delivery Year 2024

Possible article by John Smith:

Val Mall Faces Legal Action for Breach of Contract, Says Lawyer

Val Mall, a leading shopping and entertainment center in 6 October City, is facing legal action for breach of contract, according to lawyer Jawad who represents several tenants of the mall.

In a press conference held today, Jawad accused the mall's management of violating several clauses of the lease agreements with his clients by failing to provide essential services and facilities, such as security, maintenance, cleaning, and marketing, that were promised in exchange for high rents and service charges.

"Val Mall has not lived up to its contractual obligations and has caused significant harm to our clients, who have suffered losses of income, reputation, and customer loyalty due to the poor conditions of the mall," said Jawad.

He added that his clients have tried to resolve their disputes with the mall's management through negotiation and mediation, but to no avail. "Val Mall has ignored our demands and has even threatened to terminate our leases if we complain again or withhold the rent, which is illegal and unethical," he said.

Jawad called on the authorities to intervene and investigate the mall's practices, which he claimed were unfair, deceptive, and abusive. He also called on the public to boycott the mall until it improves its services and respects the rights of its tenants.

Val Mall, which opened in 2018, is owned and managed by Vali Properties, a real estate development company based in Egypt. The mall has more than 200 stores, restaurants, cinemas, and other entertainment venues, and attracts thousands of visitors daily.

Vali Properties has not yet commented on the allegations made by Jawad, but has previously denied similar claims by other tenants and praised the mall's performance and popularity.

The legal action against Val Mall comes amid growing concerns about the quality of services and facilities provided by shopping centers in Egypt, which have been affected by the economic downturn, the pandemic, and the competition from online retail. Several malls have been closed, downsized, or rebranded in recent years, while others have faced protests, strikes, or lawsuits by their tenants or workers over their working conditions, wages, or benefits.

As a Lawyer, I strongly urge the management of Val Mall to take immediate and comprehensive action to address the grievances of their tenants and to comply with their contractual obligations. Failure to do so may result in further legal action and damage to their reputation and business.

   
About Project
About Developer

Spark Capital Insights Mall Spark Capital Insight is masterfully designed by leading firm Mimar to amplify seamless discovery in every step while encouraging social interaction at every touch point. Boasting sweeping window facades that invite both natural light and views of the Iconic Tower and Green River inside, the mixed-use project is an exclusive invitation to journey into integrated beauty through inviting corridors, wide aisles and lively courtyards, thanks to its de- cluttered layout that fosters easy walkability and ultimate enjoyment for the whole family. To maximize breathtaking views on the Iconic Tower and Green River alike, Spark expertly utilizes the building’s rooftop to introduce a wide jogging track, as well as colorful attraction nodes for the community to dine, recharge and unwind.


Brouq BROUQ Developments boasts a comprehensive vision, steeped in the unrivaled expertise of various companies, operating across different disciplines including real estate development, construction, petroleum and education. Capitalizing on the leading knowledge of its founders, the company brings to Egypt more than twenty-three years of regional excellence, spanning the Arabian Gulf and North Africa with iconic projects, renowned for their highest standards of quality. In 2020, NBS Holding, in collaboration with Qatar High Speed Projects and Al FADA For Contracting and General Maintenance joined forces to transfer their global standards, alongside their unmatched knowledge to the Egyptian market by investing in an impressive portfolio of land banks across strategic locations in Egypt with an investment worth 8 billion Egyptian Pounds. Consequently, BROUQ Developments was born to forever change the face of commercial, administrative, medical and hospitality excellence while enriching every aspect of its community’s life. Today, the company aims to set a new benchmark in integrated excellence on par with global projects around the world.

MLS Realty
+201200070979
View all our properties

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