Latest in Tag: Palm Hills Highlight
Latest in Tag: Palm Hills
NBE, Banque Misr offer syndicated loan worth EGP 2.5bn to Palm Hills-affiliated company
A banking alliance consisting of Banque Misr and the National Bank of Egypt (NBE) signed a long-term joint financing contract for Palm Investment and Real Estate Development Company, a subsidiary of Palm Hills Developments with a value of EGP 2.5bn. Banque Misr will act as the first main arranger, finance marketer, and financing agent, while …
Palm Hills Developments appoints Hazem Badran, Tarek Tantawy as Co-CEOs
The formal announcement of the appointment follows the Board of Directors’ approval on 30 May 2021.
Palm Hills buys EGP 4.2bn worth stake in its education subsidiary from Mansour-Maghraby
MMID also sells 11% stake in East New Cairo for Real Estate Development to Palm Hills
Palm Hills Developments plans securitisation worth EGP 2.5bn in FY 2020/21
Company has concluded securitisation of EGP 1.5bn in receivables in Q4 of 2020
Palm Hills successfully closes EGP 1.5bn securitisation transaction of gross receivables portfolio
Company expects to engage in further securitisation transactions in 2021, says Chairperson
Palm Hills Developments achieves EGP 2.9bn sales in 3Q 2020
Net Profit for the quarter grew 156% y-o-y, reaching EGP 238m, complemented by positive cash flows from operations of EGP 1.1bn.
UPP Capital in advanced talks to re-acquire 12.25% of Palm Hills
The announcement was made in UPP’s official financial statements for the third quarter (Q3) of 2020, noting that it was undertaking extensive discussions with the counterparty.
NBE signs EGP 1bn financing contract with Palm Hills
NBE Vice Chairperson Yehia Aboul Fotouh said that the contract comes in light of the bank’s keenness to finance major projects in general. The bank is particularly focusing its financing activities on the real estate field, due to this sector’s ability to preserve its medium- and long-term investment value.
Palm Hills achieves 55% quarterly sales growth, highest H1 new sales in Egypt
Upcoming securitisation transactions to account for EGP 1.5bn in gross receivables portfolio during Q4 of 2020, says Yaseen Mansour
Taaleem, Palm Hills ink MoU to establish university in Badya project
Subject to regulatory and corporate approval, the joint venture will establish the university’s campus over a targeted land area of 100,000sqm in Badya, which is strategically located in the heart of West Cairo.
Palm Hills borrows EGP 365m from AAIB, Banque Misr to finance Hacienda Bay
The syndicated credit facility will partially finance the investment cost of Hacienda Bay, one of the real estate developer’s major projects in the North Coast, according to a statement to the Egyptian Exchange on Thursday.
Palm Hills signs EGP 505m credit facility with AUB to refinance existing debt
Mansour added that this move comes in line with the PHD’s strategic direction towards leverage optimisation, reducing financing costs and cash flow enhancements.
Palm Hills joins the race to compete for HHD
It is noteworthy that the company announced two days ago a prospectus for choosing the strategic investor whose shareholding is scheduled to be 10% of the company, provided that the selection will be in early November
Palm Hills debuts Mazeej Hotel on 4,000sqm in North Coast
The hotel is a collaboration with Palm Hills Developments and G’nK Hospitality to comply with the national strategy to promote and facilitate international tourism, according to the issued press statement.
Palm Hills targets 25% investment increase in 2019
Company plans to begin implementation of Badya in 2Q19
Palm Hills, NUCA sign 205 feddan mixed-use development agreement
Palm Hills Developments announced, on Sunday, that that its subsidiary, Arkan Palm for Real Estate Investment Company, of which Palm Hills owns 40% stake, signed a mixed-use co-development agreement with the New Urban Communities Authority (NUCA) on a revenue sharing basis. The project will be built over 205 feddan in Sheikh Zayed City. It will …
Palm Hills increases its sales by 18% in FY 18
Palm Hills Developments has achieved EGP 12.5bn sales in its project with an increase of 18% Y-o-Y, according to consolidated financial statements for the last quarter (Q4) of 2018. The statement said that the company has succeeded in selling 3,102 units in fiscal year (FY) 2018, compared to 2,136 units in FY 2017. The company …
Palm Hills , Tatweer Misr aim to increase revenues in 2019
85% of real estate sales were for investment purposes in 2018, says Tatweer Misr’s MD
Palm Hills, Asten College Schools collaborate to develop international school for EGP 435m
The school is set to be launched by 2020 and accommodating approximately 2,800 students.
Palm Hills to direct EGP 2bn investments to real estate projects
Company will offer Capital Gardens, The Crown projects at Cityscape exhibition
Palm Hills looks to direct 16-17% of sales to Egyptian expats this year
Company expects to achieve total sales of EGP 12bn by end-2018, says co-CEO
Palm Hills targets finalising 11 residential projects within two years: CEO
Company aims to achieve EGP 12bn in sales during 2018
Palm Hills expects EGP 9.5bn sales by end-2017
Some land-acquiring problems for integrated housing city in Ghana prevent project launch next year
Palm Hills to start selling Waha Compound units H2 2018
Sales up 44% in 9 months, despite deliveries down 27%
Palm Hills founder sees a breakthrough in confidence crisis between government, private sector
Strengthening the pound on the short term threatens the Egyptian economy
Housing Ministry, Palm Hills partner to establish new city in 6th of October City with investments worth EGP 150bn
Ministry contributes by land in return for 26% of revenues: Minister of Housing
Palm Hills gets approval for development of a residential project area of 12.6 million sqm
New project primarily puts the company as the largest real estate developer in Egypt in terms of sales value and land size: Mansour
Palm Valley Mall, Palm Central add EGP 470m to Palm Hills sales
Beltone, Pharos, and Prime recommend buying the stock, fair value estimated at EGP 3.47-4.2
Exchange rate liberalisation contributes to attracting foreign investment to real estate sector: Palm Hills
Middle-income housing accounts for 25% of market needs, says Palm Hills CEO
SWA to finish plan for 500-acre project next month: Palm Hills
Palm Hills plans to apply for new plots of land in West Cairo on areas ranging from 150 to 200 acres, says Yasseen Mansour