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Cushman & Wakefield Wins Luxury Retail Commission

Cushman & Wakefield wins luxury retail commission

Cushman & Wakefield, Jeddah – November 26, 2017: Cushman & Wakefield Saudi Arabia has announced an exciting addition to their client portfolio with the three-site development with Assaudia Real Estate Development Co. (SREDCO) in Jeddah that will bring hospitality, leisure and retail to the area.

The sites will bring rejuvenation to the retail, hospitality and leisure sectors in the area with both cutting edge designs with clever solutions to cater to the demands of the modern lifestyle needs.

The Kings Walk Development is an area of nearly 40,000 m2 facing King Abdul Aziz Road, located in Zahra’s District in the city of Jeddah-KSA.  This will encompass a retail “Strip Mall” that will cater to the very latest in retail experiences. It will also include a 5-star hospitality complex with underground parking and extra parking at ground floor level. The Kings Walk Development will bring opportunity to the area while offering exceptional architecture and design.

The Sultan Gallery Project is situated at Prince Sultan Road and located in Al-Salamah District in the city of Jeddah-KSA. This development has a 15,000 m2 area and will consist of a Retail Mall and a 4-star Hotel Apartment building, with basement and ground level parking for all the area needs.

The Sultan Crystal Project is a new era of retail development styled to meet the growing demands of lifestyle destinations in Saudi Arabia.  The project site looks out on Jeddah’s Prince Sultan Street at a close distance from various city landmarks. This mall is set to be the go to place for diverse fine dining, casual restaurants and the best in café and bakeries.

Cushman & Wakefield Saudi Arabia is contributing to these developments by offering real estate consulting and facilities management services to SREDCO. The company has been offering services in Saudi Arabia for more than two decades and has a regional office in Riyadh. Cushman & Wakefield has received a total of nine awards in the last six years, including the FM Consultancy of the year award three years running since 2014. Another noteworthy award won by the company is the Property Consultant of the Year award bestowed recently by the International Property Awards.

“We are very excited and delighted about securing the FM consultancy commission between Assaudia Real Estate Development Co. (SREDCO) and ourselves over the forthcoming developments planned for Jeddah,   We are proud to have earned their confidence and trust in our facilities management consultancy services and look forward to a continuous and fruitful relationship bringing the very best of hospitality, dining and retail to the area.”, commented Richard Naylor, Chief Executive of Cushman & Wakefield.


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