coronado

Info:

With its resort atmosphere and European flair, the Concorde El Salam Hotel Cairo is a relaxing and enjoyable destination with an impressive array of sports, leisure and business facilities, along with international restaurants and entertainment in a five-acre, lushly landscaped property.

23 acres with a depth of 300 m X 280 m width. 18% construction and 72% of greenery and facilities, with a total number of 168 units.

Country	Egypt
Location	El Ein El Sokhna
Distance	Latest Katameya Road - Right in the direction Zafarana, in front of the second windmills
Architecture	Contemporary, Modern
Features	Upscale seaside hotel & beach resort
Phases	2 phases
Completion Date	Phase 1: 2011 – Phase 2: 2012
Use	Mixed
Facilities	Swimming pools	Sports Courts
	International Spa	Shopping Area
Unit Types	Chalets	FLOOR PLAN
		FLOOR PLAN

market Analysis

Reviewing analysis of 2009 compared with 2010 results shows a very substantial increase in the supply of commercial property

- thanks in part to the development of new cities to the east and west of Cairo and in part due to projects in the capital itself -

means that years (perhaps decades) of under-development are finally being addressed. For a long time businesses have had little option but to operate in (typically old) buildings originally constructed for residential purposes.
Now they have some choice. Demand is also coming from two other quarters.

Western multinationals are establishing and/or expanding their presence in Egypt, with the result that they need more office space. At the same time, Middle Eastern companies are relocating to Egypt, often in response to more difficult conditions in Dubai and Lebanon. Significantly, this second group of companies understands and is tolerant of the risks of operating in Egypt. Even if the political noises surrounding the forthcoming elections produces widespread unrest, these regional companies are unlikely to reconsider their plans.

The result is that conditions are dynamic. Vacancy rates vary, but are generally low or falling. Looking ahead, we expect that the optimism of protagonists in the office and retail sub-sectors will be justified. There should be a double-digit increase in rentals in these sub-sectors in 2011; further - if smaller - rises are likely in the following years. Over the forecast period (2011-2014), we envisage that capital values will increase rather more than rentals. As a result, the general downtrend in yields should continue. Egyptian assets are being re-rated, and the country's commercial real estate sector is a clear beneficiary of this.
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