Beltone Leasing, a unit of Beltone Financial Holding, signed an EGP 500 mn sale-and-leaseback agreement with Hassan Allam Properties Group to finance assets for two subsidiaries, Invest-Gate reports.
Palm Hills Development achieves EGP 6.8 billion in new sales during the first quarter (Q1) of 2023, a 22% increase compared to EP 5.5 billion in the year-ago period, Invest-Gate reports.
Al-Borouj Misr Developments signs a contract for Savills Egypt to manage, operate and lease the Sixty Business Park and Sixty Business Corporation projects in the New Administrative Capital, Invest-Gate reports.
Egypt’s New Urban Communities Authority approved incentives for real estate investors, including increased land use in new cities, Invest-Gate reports.
Yassin Mansour, chairman of Palm Hills Development Co., says the company’s sales rose 22% in the first quarter, driven by a 54% increase in sales at the Badya development, Invest-Gate reports.
Redcon Properties, the newly established arm of Redcon Group, signs a Memorandum of Understanding (MoU) with Honeywell to incorporate smart sustainability solutions at Golden Gate, Invest-Gate reports.
Brouq Developments' successes in entering the Egyptian real estate market in 2020, partnering with NBS Developments, Invest-Gate reports.
Q Development, an Egyptian real estate developer, launches its first project in Egypt’s North Coast called Q North, Invest-Gate reports.
The Real Estate Development Chamber discusses various facilities with Prime Minister Mostafa Madbouly, including allowing foreigners to own an unlimited number of units, Invest-Gate reports.
Sorouh Developments signs a strategic alliance with Ricon Construction and Energy for the development of a package of projects with a total investment of EGP 30 bn ($971.4 mn), Invest-Gate reports.
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