Developer History: Squares Developments
Squares Developments is a visionary real estate firm founded by a group of seasoned investors with a strong legacy in contracting and construction. The company's name is inspired by the timeless allure of public squares—aiming to create urban spaces that foster community, connectivity, and growth.
- Leadership & Legacy: The company is steered by Talaat Gorguos (Chairman), a co-founder of several successful firms (including Modon and House Building), and Eng. Hany Gorgous (Vice Chairman/Board Member).
- Expansion (2025–2026): After the successful launch of its early commercial projects, Squares has aggressively expanded into the residential sector. In early 2025, they announced an investment portfolio of EGP 50 billion, followed by the launch of their flagship 34-acre residential compound, Sage Lakes Residence, in the R8 district.
- Key Portfolio:
- Remeny Gloria Inn (New Capital): Their premier mixed-use destination in MU-23.
- West View Mall (New Capital): A successful commercial hub in the Downtown/Administrative area.
- Sage Lakes Residence (R8, New Capital): A luxury 34-acre compound currently moving into its second phase (January 2026).
- West Mark Mall (Sheikh Zayed): Their signature expansion into West Cairo.
Project Details – Remeny Gloria Inn (Remeny Mall)
Remeny Gloria Inn is a high-tech, mixed-use complex designed by renowned engineering consultant Assaad Salama and executed by Moharram Bakhoum (ACE). The project is specifically designed to accommodate a blend of commercial high-traffic areas and high-end hospitality.
- Structure: The building stands 37.5 meters tall, consisting of 2 Basements + Ground Floor + 9 Upper Floors.
- Total Land Area: Approximately 6,900 m², with a limited construction footprint of only 30% (2,070 m²) to allow for a massive 4,830 m² central plaza.
- Unit Types & Zoning:
- Commercial (G to 2nd Floor): Retail shops and F&B outlets.
- Administrative/Medical (3rd to 4th Floor): Modern offices and specialized clinics.
- Hotel Units (5th to 9th Floor): Luxury suites managed by Gloria Inn, a name synonymous with five-star hospitality.
- Operational Partners: The project is managed by Brain 2 Fact (Commercial/Admin) and WEFIX (Maintenance), ensuring long-term operational efficiency.
Project Location
Remeny Mall is strategically located on the Al-Amal Axis in the MU-23 district, the highest-density commercial zone in the New Capital.
- Strategic Access:
- Directly between R2 and R3: These are the most established residential districts, ensuring an immediate customer base of thousands of families.
- 3 minutes from the Iconic Tower (CBD) and the Central Bank.
- 5 minutes from the Bin Zayed Axis and the Suez Road.
- 1 minute from the Sports City and very close to the Monorail station.
Facilities & Amenities
The project utilizes "Smart-Building" technology to enhance the user experience:
- Hospitality Focus: Five-star hotel services including a rooftop Clubhouse, Jacuzzi/Sauna, and 24/7 room service for residential-hotel units.
- Smart Infrastructure: Panoramic glass facades, electronic entrance gates with AI surveillance, and central air conditioning across all levels.
- Leisure & Retail: A sprawling Central Plaza with natural scenery, water fountains, and international-branded dining options.
- Business Support: Fully equipped meeting rooms, high-speed fiber-optic internet, and an ATM center.