Times Developments announces the acquisition of three development companies, namely Egyptian Developers, Mass, and Connex, Invest-Gate reports.
The developed companies have a compound land portfolio that spans 258,955 sqm.
Times reveals plans to develop these plots by launching three mixed-use projects with EGP 12 bn within the next four years.
The acquisition helps support Times’ future expansion plans in Egypt, especially in the East and West Cairo and the North Coast.
It also raises the company’s customer base and maximizes the value of the undeveloped land portfolio.