Real Estate

Cairo – Mubasher: Palm Hills Developments’ board approved unanimously submitting a proposal to the extraordinary general meeting (EGM) for an EGP 120 million issued and paid-up capital cut through the cancellation of 60 million treasury stocks at …

Cairo – Mubasher: Al Yosr for Projects and Real Estate Development, a fully-owned subsidiary of Six of October Development and Investment (SODIC), signed a medium-term facility of EGP 2.75 billion with the Arab African International Bank (AAIB). …

Cairo - Mubasher: Giza General Contracting and Real Estate Investment Company has been awarded a new project with a total value of EGP 97.63 million. The company will implement facility works in the Universities Area in New Sohag City, according …

Cairo – Mubasher: Magnom Properties and Forbes announced their plans to build an innovative, environmentally responsive tower set in the heart of the rising New Administrative Capital (NAC) in Egypt. The partnership, which marks the first time …

Cairo – Mubasher: Egyptians for Housing and Development Company approved unanimously selling its entire stake of 284.47 million shares in Odin Capital Group for Financial Investments. The decision was made by the real estate developer’s ordinary …

Cairo – Mubasher: Tatweer Misr has generated contractual sales worth EGP 8.10 billion during 2022 for 1,650 residential units. The real estate developer delivered 1,100 residential units in two projects in Galala City and North Coast. It added …

Cairo – Mubasher: Inertia Egypt announced signing a bridge loan contract worth EGP 850 million with Banque Misr and Banque Du Caire to finance the company’s main project in North Coast, extending over 5.80 million square metres. Inertia Egypt CEO …

Cairo – Mubasher: The Nile Property Expo intends to enter new markets for the first time in 2023 such as London and New Jersey in the US.  The announcement was made by Basem Kalila, Chairman of the Board of Directors of Expo Republic, the company …

Cairo – Mubasher: ERG Developments plans to expand in new projects in East Cairo and the New Administrative Capital (NAC) during the current year. During a recent press conference, the company said it is currently studying a 100-acre land plot in …

Cairo – Mubasher: Egyptians for Housing and Development Company has denied rumours about an acquisition offer by a Saudi Arabian firm on 25% of the company’s shares.  The EGX-listed company stressed it will announce any acquisition offers it …

Cairo – Mubasher: Chestertons International, one of the world's leading property consultancies, announced its affiliation agreement with one of the leading Egyptian real estate consultancies, Gemini for Real Estate Brokerage. Besides launching …

Cairo – Mubasher: Around 30,000 public employees will be gradually relocated to the New Administrative Capital (NAC) by the beginning of March 2023, said Khaled Abbas, Managing Director and Board Chairman of the Administrative Capital for Urban …

Cairo - Mubasher: EFG Hermes and Misr Italia Properties announced the successful conclusion of the latter’s second securitised bond issuance worth EGP 986 million, which comes as part of a wider EGP 2.50 billion securitisation programme. The bond …

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) announced achieving unprecedented new net sales of EGP 33.20 billion during fiscal year (FY) 2022, beating its own market sales record of 2021 and crossing the upper limit of its annual …

Cairo – Mubasher: Waha Investment Management Company has lowered its stake in Cairo for Investment and Real Estate Development (CIRA) to 2.81% from 5.03% for a total value of EGP 170.71 million. Waha Investment has sold 12.93 million shares in …

Cairo – Mubasher: United Company for Housing and Development has implemented the finance lease contract with Corporate Leasing Company Egypt (CORPLEASE). Under this contract, United Housing obtained EGP 318 million through the finance lease …

By: Abdullah Bedair Cairo – Mubasher: Raymond Ahdy, the Deputy CEO of Wadi Degla Developments, said his company plans to invest EGP 2 billion during 2023, compared to EGP 1 billion this year. Total investments of the real estate developer in the …

Cairo – Mubasher: Banque Misr, in partnership with Banque du Caire, Misr Insurance Holding Company (MIHC), and Allianz, launched a real estate investment fund with a target capital of EGP 500 million. The fund, named Misr Real Estate Investment 1, …

Cairo – Mubasher: Shareholder Omar Abdel Aziz Attia Baraka has increased his ownership in Arab for Development and Real Estate Investment (ADRI) to 10.09% from 9.64% for a value totalling EGP 408,437. The shareholder bought 265,188 shares in Arab …

Cairo – Mubasher: Urbnlanes Development, a subsidiary of Emeel Abdalla Investments, plans to increase its investments in Egypt to EGP 24 billion during 2023. So far, Urbnlanes’ investments in Egypt amount to EGP 11 billion distributed on 3 …

By: Abdullah Bedair Cairo - Mubasher: The Land Developers (TLD) plans to invest EGP 500 million in a residential project in Red Sea Governorate’s Sahl Hasheesh. The project spans 10.70 feddans (45,000 square metres) and includes 85 villas and 60 …

Cairo - Mubasher: Alinma Investment Co has cut its stake in El-Ebour Co. for Real Estate Investment to 9.30% from 10.27% for a total value of EGP 1.59 million. Alinma has sold 169,599 shares in El-Ebour Real Estate at a share price averaging EGP …

Cairo - Mubasher: The extraordinary general meeting (EGM) of Marseilia Almasreia Alkhalegeya Real Estate Investment unanimously approved splitting the share’s nominal value to EGP 0.50 from EGP 1 during a meeting on 4 December 2022. This brings …