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Reacap sells 1.5 floors in admin building for EGP 13 mln

Reacap sells 1.5 floors in admin building for EGP 13 mln
Reacap Financial Investments said it has sold a 1175 cubic meter, approximately a floor and a half, in its administrative building in Smart Village to Smart Villages Development and Management Company (SVC) for EGP 13 million.

Mohamed Zakaria chief financial officer stated that the company will bid other two floors in auction scheduled to be held in September 21.

The building comprise of 4 floors with a total area of 3125 cubic meters, added Zakaria.