Latest in Real Estate Highlight
Latest in Real Estate
However, the exhibition’s postponement did not affect developers’ promotion plans and campaigns that were scheduled for the exhibition, as they will continue their offers and discounts for their clients.
Alongside the real estate market, the company is incredibly disappointed to delay Cityscape Egypt, which was set to be a highly successful event, with higher participants than at any other point on record.
MNHD sees promising investment opportunities in Upper Egypt, and plans to diversify its project portfolio. The company already has about 9m sqm, and has developed only 3m sqm of it, he added. The existence of major developers in these areas have been accelerating development and boosting investment.
CRTKL has completed a strategic masterplan for Ras El Hekma, based on the UN SDGs
MNHD signed a contract to sell 114,540 sqm of land within the Taj City project in New Cairo City at EGP1.145bn to Minka Investment.
The Egyptian real estate market mainly relies on domestic demand, therefore, no harm is expected on the industry, they explained.
HHD Chairperson Hany El-Deeb told Daily News Egypt that the IPO plan has been cancelled and replaced by another one for self-financing of the company’s expansions. This would happen by restructuring the untapped assets.
Skyline’s portfolio spans an administrative and business tower, which Dorsch master Architecture one of the top five companies in office designing in the world has worked on designing. SkyHub, and SkyMed a medical tower, in addition to a regional mall, he elaborated.
MIPIM’s original dates (10-13 March) are changing due to growing concerns related to the Coronavirus (COVID-19).
Maghawry elaborated that international offices depend in their business on general planning, not only internal services, so services and utilities will be the responsibility of ACUD as a whole entity.
Ivory Business Park is scheduled to operate in mid-2021, says ElFiky
Mountain View owns a land bank in West Cairo estimated at 800 feddan divided into four projects, which makes it able to achieve its investment goals, Soliman elaborated, adding, “Mountain View’s land bank is one of the largest in the Egyptian real estate market.”
Company is waiting for deciding on land pricing to complete project implementation
In a press conference held on Sunday, El-Tayebi added that Armonia Walk has a construction area of 18,000 sqm with an investment volume of EGP 500m.
Branded residences most attractive for foreigners
The first expo will take place in March, he said, adding that another event will be organised every quarter in 2020.
MBG Development will invest EGP 700m in Pukka compound in the New Administrative Capital this year, the company’s Chairperson Mahmoud Al Adl said.
Company to launch new phase with EGP 750m investments in 1H 2020, says chairperson
Company intends to direct EGP 200m in construction works in the current year, says CEO
Company’s non-residential portfolio comprises 76 commercial, administrative, medical, and industrial projects
Company opens resale department with lowest commission rate
About 70% of Castle Landmark’s electricity shall be generated from solar-powered photovoltaics, says Castle CEO
Company will probably complete marketing The MarQ’s second phase in 1Q2020, says board member
Total investment costs of the school will be up to EGP 500m. The school is expected to start operation in the third quarter (Q3) of 2022, a year before the delivery of the first real estate unit in O West.
We are worried about implementation mechanism of CBE’s mortgage financing initiative
Rasekh added that the company has launched the first phase of the business park within the project for reservation, noting that the project has also been designed differently to suit the nature of different companies and guarantees privacy.
Company has achieved EGP 850m in 2019 sales, says chairperson
Facility Management market is projected to reach a value of $1.74bn by 2026, says Mansour
Company expects to sell 70% of its second mall by year-end, says chairperson
Egyptian real estate looks to new heights following EGP 23.3bn boost in investments in 2018