At the end of 1987, the managing director, Mr. Richard Lochar, started his self-employed career and opened his own real estate office in Ebreichsdorf, Austria, on February 1, 1994. The entire spectrum of real estate sales and rental was covered. By the time, his firm enlarged and is now known as the MAXXX Real Estate Group, handling the sales and lease of properties as well as construction and consulting. For further information, kindly visit www.maxxx.at.

The company’s headquarter is still in Austria. In 2021, Mr. Lochar, who is by himself a property owner in El Gouna for many years and actively selling properties on the Red Sea for 12 years, decided to open an official branch at the Red Sea in Egypt. Due to his extensive knowledge of the real estate market in Egypt and his immense data base of international clients, the branch is establishing quickly, offering the best properties at the Red Sea.