Latest news with #RockDevelopment
CTV News
17 hours ago
- Business
- CTV News
National tenant in new development ‘will only enhance this area'
Prep work is underway to get the property directly behind Home Depot on Windsor's east end on Tecumseh Road transformed into the new home of a major retailer. 'We gotta wait 'til the right time to say who and when,' said City Councillor Gary Kaschak, when asked if Costco is the major tenant. The company has been the long rumoured retailer expected to be part of this new development on the city's east end, but no confirmation from the company, the city or developer, Rocco Tullio and Rock Development. 'The tenants, you know, they make their own timelines and decisions as to when they want to make the announcement,' said Tullio, who points this will enhance the area and attract people from surrounding municipalities. Once the project is complete, he says there will be room at the back end of the 33-acre property for a additional tenants. 'It's just going to jumpstart this whole development, which is going to be great for the city of Windsor and people out in the east end,' Tullio said. Roads are being created on the east and west side of the property, and with them, Tullio says, comes the opportunity for the surrounding area to be developed. 'The Serbian lands have ten acres. There's other people from Toronto that own land and so when it's all developed, there's about 90 acres. You're talking about a million square feet, a million two square feet,' Tullio said. 'We're going to have something similar to the Walker Road corridor,' said Kaschak. 'I think, with many, many big box stores, lots of action, which should create lots of growth, lots of density and lots of taxes towards the city of Windsor.' Tullio says national retailers have shown significant interest in this area of Windsor. 'Now that the construction has started. You know, these nationals and all that. Hey, the city's open for business. This is a great node to be part of and, you know, I'm excited to see what the future holds for this development.'
Tahya Masr
14-04-2025
- Business
- Tahya Masr
Crédit Agricole Egypt partners with Rock Developments to introduce mortgage solutions
Crédit Agricole Egypt has signed a cooperation agreement with Rock Developments to introduce mortgage solutions . This agreement will allow Rock Developments clients to have access to the bank's long-term mortgage financing solutions (down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years) . The cooperation agreement was signed by Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt and Eng. Daniel Doss, Board Member of Rock Developments, along with the presence of several representatives from both entities. Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt stated 'We are delighted to partner with Rock Developments to offer long term mortgage solutions that empower more Egyptians to own their homes. This collaboration highlights Crédit Agricole Egypt's customer centricity approach, delivering innovative, accessible and sustainable financial solutions that are tailored to our clients evolving needs. By combining our banking expertise with Rock Development sustainable vision, we are supporting the growth of Egypt real state while contributing to a greener, more inclusive future". Eng. Daniel Doss, Board Member of Rock Developments emphasized that 'This agreement offers exclusive financing solutions for the company's clients through mortgage solutions. Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years. Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration'. Eng. Doss affirmed that Rock Developments is committed to innovation, offering diverse strategies to serve its clients by delivering projects that align with their aspirations while providing advantages that support their purchasing decisions. He added that 'Collaborating with Crédit Agricole Egypt, a partnership that emphasizes sustainability, represents a key milestone in our journey towards responsible growth' Rock Developments is a leading real estate company with over 40 years of experience. Its projects span across Greater Cairo, Egypt, offering residential, commercial, and administrative projects, as well as several commercial projects in Canada. Rock developments will launch a sustainable certification project located in the New Capital City. Crédit Agricole Egypt and Rock Developments are committed to boosting real estate investment by expanding financing options and ensuring secure investment opportunities. Their mission is to foster growth in Egypt's dynamic property market by supporting projects built to global standards and introducing innovative solutions for sustainable development, safeguarding the environment for future generations. This collaboration is part of Crédit Agricole Egypt's strategy, which aims to provide diverse opportunities and facilities for its clients, with a focus on offering flexible mortgage solutions that support their housing and investment plans. It reflects the bank's role in supporting the Egyptian economy, enhancing financial inclusion, and contributing to sustainable development. It is worth mentioning that Crédit Agricole Egypt has signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a loan worth USD 20 million to lend to individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program.
Zawya
11-04-2025
- Business
- Zawya
Crédit Agricole Egypt, Rock Developments forge partnership to foster real estate investment
Egypt - Crédit Agricole Egypt and Rock Developments inked a cooperation agreement to introduce mortgage solutions, boosting growth in Egypt's property market, as per an emailed press release. Through the partnership, Rock Developments clients will access the bank's long-term mortgage financing solutions, down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years. The joint agreement aligns with the two entities' objectives to promote real estate investment by expanding financing options and ensuring secure investment opportunities. Crédit Agricole Egypt, Rock Developments plan to support the projects that adhere to global standards and offer innovative solutions for sustainable development. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt, stated: 'By combining our banking expertise with Rock Development's sustainable vision, we are supporting the growth of Egypt's real state while contributing to a greener, more inclusive future'. Daniel Doss, Board Member of Rock Developments, noted: 'Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years.' 'Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration,' Doss added. This collaboration is part of Crédit Agricole Egypt's strategy to provide its clients with diverse opportunities and facilities, in addition to offering flexible mortgage solutions that support their housing and investment plans. It is worth highlighting that the EGX-listed lender signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a $20 million loan. The loan was secured for individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
10-04-2025
- Business
- Zawya
Crédit Agricole Egypt partners with Rock Developments to introduce mortgage solutions
Cairo: Crédit Agricole Egypt has signed a cooperation agreement with Rock Developments to introduce mortgage solutions. This agreement will allow Rock Developments clients to have access to the bank's long-term mortgage financing solutions (down payment of 20% and financing up to 80% of the unit's value, with payment terms up to 15 years). The cooperation agreement was signed by Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt and Eng. Daniel Doss, Board Member of Rock Developments, along with the presence of several representatives from both entities. Ms. Nevine Shokry, Head of Proximity Banking of Crédit Agricole Egypt stated 'We are delighted to partner with Rock Developments to offer long term mortgage solutions that empower more Egyptians to own their homes. This collaboration highlights Crédit Agricole Egypt's customer centricity approach, delivering innovative, accessible and sustainable financial solutions that are tailored to our clients evolving needs. By combining our banking expertise with Rock Development sustainable vision, we are supporting the growth of Egypt real state while contributing to a greener, more inclusive future'. Eng. Daniel Doss, Board Member of Rock Developments emphasized that 'This agreement offers exclusive financing solutions for the company's clients through mortgage solutions. Residential units are available with a 20% down payment and financing up to 80% of the unit's value, with payment terms up to 15 years. Meanwhile, commercial and administrative units come with a 25% down payment and financing of up to 75% of the unit's value for the same duration'. Eng. Doss affirmed that Rock Developments is committed to innovation, offering diverse strategies to serve its clients by delivering projects that align with their aspirations while providing advantages that support their purchasing decisions. He added that 'Collaborating with Crédit Agricole Egypt, a partnership that emphasizes sustainability, represents a key milestone in our journey towards responsible growth' Rock Developments is a leading real estate company with over 40 years of experience. Its projects span across Greater Cairo, Egypt, offering residential, commercial, and administrative projects, as well as several commercial projects in Canada. Rock developments will launch a sustainable certification project located in the New Capital City. Crédit Agricole Egypt and Rock Developments are committed to boosting real estate investment by expanding financing options and ensuring secure investment opportunities. Their mission is to foster growth in Egypt's dynamic property market by supporting projects built to global standards and introducing innovative solutions for sustainable development, safeguarding the environment for future generations. This collaboration is part of Crédit Agricole Egypt's strategy, which aims to provide diverse opportunities and facilities for its clients, with a focus on offering flexible mortgage solutions that support their housing and investment plans. It reflects the bank's role in supporting the Egyptian economy, enhancing financial inclusion, and contributing to sustainable development. It is worth mentioning that Crédit Agricole Egypt has signed an agreement with the European Bank for Reconstruction and Development (EBRD) for a loan worth USD 20 million to lend to individuals and small businesses under the Green Economy Financing Facility (GEFF II), the second phase of Egypt's regional green economy financing program.
