SODIC to Launch New Heliopolis Phase I end 2017

• Monday, 5th June 2017
• by Nayrouz Talaat

Egypt’s property developer, SODIC, announces construction work to begin in its latest flagship New Heliopolis in New Cairo end 2017, Reuters reports

Amer, Porto Ink Deal with Tharwa Capital to Issue Bonds

• Sunday, 4th June 2017
• by Menna A. Farouk

Egyptian real estate developers Amer Group Holding and Porto Group sign an agreement with Egyptian financial investment and advisory firm Tharwa Capital to issue securitization bonds for their real estate portfolios amounting to EGP 233 mn and EGP 48 mn respectively, Invest-Gate reports.

Egyptian Resorts Company Swings to Profits in Q1

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.

Marseille Sets Up New Asset Management Firm

• Thursday, 1st June 2017
• by Menna A. Farouk

Egyptian real estate investment company Marseille Almasreia Alkhalegeya for Holding Investment is contributing to the establishment Marseille Asset Management Company Marseille Asset Management Company with a licensed capital of EGP 2.5 mn, Invest-Gate reports.

Remco For Tourism Village Construction Losses Decline in Q1

• Wednesday, 31st May 2017
• by Nayrouz Talaat

Remco for Tourism Village Construction Company’s standalone net loss declines in the first quarter of 2017 by 43.55% to stand at EGP 22.4 mn, compared to EGP 24.7 mn a year ago, Invest-Gate reports.

Three Property Insurers Vying to Win Egypt GASCO’s Insurance Policy Tender

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Three insurers are competing to win a property insurance policy tender launched by the state-run Egyptian Natural Gas Company (GASCO), Invest-Gate reports.

Emaar Misr Launches Fountainside Residence in Uptown Cairo

• Tuesday, 30th May 2017
• by Nayrouz Talaat

Emaar Misr announces the launch of the first phase of Fountainside Residence in Uptown Cairo on May 24, Invest-Gate reports.

El-Mamoura Company for Construction to Launch 2 New Projects in Alexandria

• Tuesday, 30th May 2017
• by Menna A. Farouk

El-Mamoura Company for Construction and Tourism Development plans to implement a commercial and residential project spanning an area of 4,000 square meters in Alexandria during the next fiscal year, Invest-Gate reports.

Egypt’s Commercial Property to See Higher Demand in 2017

• Sunday, 28th May 2017
• by Menna A. Farouk

The float of the EGP has lured foreign investments back to the economy as capital inflow ups demand for commercial real estate with investors seeking income-producing assets, according to a BMI research report.

Misr Italia to Offer 5% Discount on Mousa Coast Units During Ramadan

• Sunday, 28th May 2017
• by Fatma Khaled

Egyptian real estate developer Misr Italia is offering a 5% discount on its units in Mousa Coast during the holy fasting month of Ramadan, Invest-Gate reports.