Latest in Real Estate Highlight
Latest in Real Estate
Inflation, currency fluctuation create opportunities for world firms to invest in Egypt’s real estate sector
‘We are looking forward to having approximately 100 companies in Cityscape Egypt 2022, says Alexander Edwards
Sandoz Egypt launches ‘Linex’ probiotic to support balance and function of intestinal microflora
Sandoz’s new probtioic — ‘Linex’ – with Bifidobacterium lactis BB-12 supports the balance and function of useful intestinal microflora.
Go Khozam rebrands to IL CAZAR Developments
The company rebranded itself without any structural changes: Chairperson
Marota Developments plans to participate in international property exhibitions
Tarek Khalil and Ayman Al-Ghafir — Owners and Founders of Marota Developments — said that the company has developed a plan to participate in some international real estate events and exhibitions in the coming period with the aim of increasing its sales abroad — whether from Egyptian expatriates or non-Egyptians.
CCC for Real Estate, VAI Developments join forces to establish ‘4T1’ project in New Capital
Mohamed Tarek, General Manager of CCC in North Africa, said that the CCC International is one of the largest contracting companies that succeeded in implementing a large number of projects in more than 34 countries. In 2011, the group decided to establish its subsidiary CCC for Real Estate Development.
Lemar Egypt expands in West Cairo, ready to implement new project at Boulevard October
Lemar Egypt contracts with Pillars Constructions to build 20 buildings with total cost of EGP 70m in 1st phase
Real estate developers halt property sales as building materials’ costs soar
The Central Bank of Egypt (CBE) clarified in a statement that the Russian-Ukrainian conflict led to an increase of domestic inflationary pressures, consequently, the Monetary Policy Committee decided to increase the key policy rates by 100 basis points.
Misr Italia, Honeywell sign MoU to support digital transformation
The MOU between Misr Italia and Honeywell states the establishment of various projects that provide a smart lifestyle through the latest digital solutions, including Honeywell’s package for city solutions, and Honeywell forge program, which is an enterprise performance management solution. The MoU focuses on merging these solutions in the projects implemented by the company through a unified platform, which guarantees transparency and control. Moreover, Honeywell will deploy advanced city surveillance systems (CCTV) for improved emergency response and access control; sustainable and energy-efficient technologies for energy optimization as well as smart irrigation, smart street lighting, water management and smart parking.
Coldwell Banker expands in Alexandria by joining forces with New Alex, Platinum
The programme also seeks to achieve a lucrative Return on Investment (ROI), while simultaneously being able to conform to the new requirements of the Egyptian Real Estate market.
Egypt participates in official pavilion at MIPIM 2022 in Cannes
Egypt’s private sector represented by 13 real estate development companies, advisory offices in exhibition
Misr Italia to deliver 800 units in IL BOSCO compound during 2022
El-Assal said that IL BOSCO was built on an area of about 200 feddan in R7 at the New Administrative Capital (NAC), in proximity to many landmarks, such as the Opera House, the Diplomatic District, the Investment Zone, and the Academic City, with a total investment of EGP 16bn. The project includes a sports club on an area of 16,000 sqm; in which its first phase is scheduled to be completed in 2022.
EGY MAPS launches real estate online platform collecting 100 projects in NAC
Chairperson of EGY MAPS, Mohamed Hamza, said that the company decided to showcase projects in the NAC on the platform due to its importance as a smart and sustainable city that is witnessing an urban boom with wide diverse projects, in addition to a strong demand from clients for the projects in the city.
Avaris Holding introduces Helios Health Park at NAC over 2,700 sqm
CEO of Avaris Holding Mahmoud Al-Serrag said that the Helios Health Park is the company’s first project in the NAC and is being developed with a ground floor and 10 storeys.
Egypt gearing up for New Capital opening
ACUD considers expanding escrow account system in New Capital’s new phases, says spokesperson
Tatweer Misr becomes main partner for Egypt’s Entrepreneur Awards
CEO of Tatweer Misr, Ahmed Shalaby, commented: “Tatweer Misr and I-Events share the same vision and values represented in allowing opportunities, growth and prosperity of young innovative minds. Today, we join forces to create a complete cycle of innovation and support for the entrepreneurial ecosystem. With Tatweer Misr’s innovation competition, focusing on young and early- stage innovators and the EEA targeting more developed and established entrepreneurs, we are synchronizing our efforts to fulfill our objectives together.”
Russian-Ukrainian war to take a toll on Egypt’s real estate sector: Stakeholders
Ramy Saleh, Chief Business Development Officer at Al-Marakby Steel, said that the war between Russia and Ukraine is greatly affecting the iron and steel industry in the world, not only Egypt, especially since Russia is one of the top 10 countries in steel production globally, and Ukraine is among the top 20.
Administrative, commercial units in demand as returns on investments grow
The step came as a result of the increasing demand on administrative and commercial units in the Egyptian real estate market, as they have increasing returns on investments, in addition to multinational companies’ demand for administrative headquarters, and a general need for other projects due to the urban sprawl taking place in Cairo.
Modon Developments to establish Green River Tower in NAC with EGP 4.5bn investment
Green River Tower is the 5th and latest project of the real estate developer. It is considered as a continuity to Modon Developments’ significant portfolio since it started its work in the Egyptian market last year; as it launched a number of projects in the NAC.
United For Real Estate commences G-BAY project in Ain El-Sokhna, G3 Mall in NAC
Company aims to expand in the North Coast, Fifth Settlement, and Sheikh Zayed: Chairperson
Cost of building green declines due to competition, dependence on local materials: Ldp+Partners
Ldp+Partners is planning to provide architectural designs, management services for several mixed-use projects in NAC
Real estate sales of Talaat Moustafa Group jump to EGP 32.4bn in 2021
TMG’s Noor City project’s sales reached a record EGP 15bn within three weeks and EGP 18.5bn by the end of the year.
Contact Developments acquires 3 firms in EGP 120m worth transaction
Company targets increasing its investment in New Capital by 400% by 2023, says Fekry
Arab Developers Holding launches 2 brands, restructures company policy
Company took two years to restructure, rebrand, and schedule project deliveries: Gamal Fathallah
Menassat launches Eclipse business space in New Cairo with EGP 600m investments
The company’s project investments are expected to reach EGP 900m in 2022
Gates Developments collaborates with The Management House to manage its projects
Project management is the basis for maintaining projects’ investment value for the benefit of the developer and client: Ahmed Aboul-Fotouh
EFG Hermes concludes advisory on Misr Italia Properties’ EGP 794m securitisation issuance
The bond is comprised of three tranches, with the first divided into fixed instalments and the second and third to be disbursed based on the proceeds of the portfolio.
City Edge Developments signs Savills to lease, manage North Square Mall in New Alamein City
The retail-led project is located in New Alamein City, covers a total area of 164,000 sqm, and is set to begin operation in summer 2022.
Egypt’s government, parliament take serious steps to amend Old Rent Law
Additionally, successive Egyptian governments have also stumbled over the past years in ending and resolving the phenomenon of rent control and redrawing the parameters of the relationship between owners and tenants.
The Address Investments launches 1st edition of Al-Onwan International Real Estate Exhibition
The attendees represent the biggest developers in the New Administrative Capital (NAC), with EGP 2bn of targeted sales.
Urbnlanes introduces Levels Business Tower at NAC with EGP 5bn investments
Company aims to invest EGP 10bn during 2022, says CEO