Jones Lang LaSalle has opened on office in Cairo, Egypt .
The announcement was made at the fourth Annual Cairo Investment Forum at the Semiramis InterContinental Hotel, in the Egyptian capital.
JLL said it was opening a full-service real estate operation in the city.
The firm also released a strategic research report, “Cairo: Open for Global Business.”
“ Cairo is becoming an international real estate market and is emerging on the radar screen of an increasing number of regional and global developers, investors and occupiers.” said Thierry Loué, CEO of Jones Lang LaSalle MENA.
“The key markets in Cairo are driven by ‘end user’ demand rather than speculative development. As the Cairo market is largely cash driven, it has experienced much lower levels of debt that in many other cities in the region. It is therefore more stable, with greater prospects for sustained growth than many of its peer cities.”
paul.norman@estatesgazette.com
