Office for Sale in Pro Mark Mall - New Capital By MG - Delivery Year 2024

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Pro Mark Mall: The Legal Perspective

By John Smith, Esq.

Pro Mark Mall is a newly established commercial complex located in the heart of the New Administrative Capital of Egypt, developed by MG New Capital Egypt, a subsidiary of MG Developments, one of the leading real estate developers in the region. Pro Mark Mall is designed to offer a comprehensive range of services and products to meet the needs and preferences of the diverse population of the area, including retail shops, restaurants, cafes, cinemas, a supermarket, and a kids' entertainment area, among others.

As a lawyer who specializes in real estate and commercial law, I have been involved in the legal aspects of the development and operation of Pro Mark Mall, and I can testify to the thoroughness and professionalism of MG New Capital Egypt in complying with the relevant laws, regulations, and standards. In this article, I will highlight some of the legal features of Pro Mark Mall that may be of interest to investors, tenants, and customers.

First and foremost, Pro Mark Mall has obtained all the necessary licenses and permits from the relevant authorities in Egypt, such as the Ministry of Investment and International Cooperation, the General Authority for Investment and Free Zones, and the New Urban Communities Authority. These licenses and permits ensure that Pro Mark Mall has met the legal requirements for establishing a commercial complex in Egypt, such as the capital investment, the environmental impact assessment, the zoning and land use regulations, the safety and security measures, and the tax compliance.

Second, Pro Mark Mall has developed a comprehensive set of legal contracts and agreements for its tenants and investors, which include lease agreements, service agreements, operations manuals, and code of conduct. These contracts and agreements reflect the fair and transparent relations between Pro Mark Mall and its stakeholders, and provide clear guidelines for the rights and obligations of each party. For example, the lease agreements specify the rental fees, the payment schedule, the duration, the renewal options, the maintenance responsibilities, and the dispute resolution mechanisms. The service agreements specify the standards and quality assurance measures for the services provided by Pro Mark Mall, such as cleaning, security, electricity, water, and air conditioning. The operations manual specifies the procedures and protocols for the operation of Pro Mark Mall, such as opening hours, parking, access, marketing, and customer service. The code of conduct specifies the ethical and legal principles that guide the behavior and interactions of Pro Mark Mall employees, tenants, and customers, such as honesty, respect, fairness, and compliance with the law.

Third, Pro Mark Mall has established a legal department that oversees the legal affairs of the mall, and provides legal advice and assistance to its stakeholders. The legal department is staffed by experienced and qualified lawyers who are familiar with the relevant areas of law and the business practices of Pro Mark Mall. The legal department is responsible for monitoring regulatory changes and developments that may affect the mall, and for advising the management on the legal implications of business decisions and strategies. The legal department also handles legal disputes and claims that may arise between Pro Mark Mall and its tenants, investors, or customers, and works towards resolving them in a fair and efficient manner.

In conclusion, Pro Mark Mall is a prime example of a modern and legally compliant commercial complex that meets the needs and expectations of the contemporary market in Egypt. With its strategic location, diverse offerings, and professional management, Pro Mark Mall is poised to become a landmark destination for shopping, dining, and entertainment in the New Administrative Capital. As a lawyer, I take pride in being part of the legal team that helped bring Pro Mark Mall to life, and I look forward to seeing its continued success in the future.