Latest in Tag: Colliers International report Highlight
Latest in Tag: Colliers International report
Flotation of Egyptian pound caused pronounced dip for Hurghada: Colliers International
Colliers International, a commercial real estate organisation stated that—although occupancy levels are expected to stay healthy at Hurghada—the devaluation of the Egyptian pound against the dollar has caused a pronounced dip in market wide average daily rates. Colliers’ three-month Middle East and North Africa Hotel Forecast for March explained that, despite the strong leisure demand …
Bright future for Egyptian hotel market: Colliers International report
In its full year review in 2016 about Egypt, Colliers International, the commercial real-estate leader, said that the hotels’ supply has increased by 3% because of a number of high-profile properties that streamed the market in 2016, which includes the Steigenberger Hotel El Tahrir, Westin Golf Resort, Westin Katameya Dunes, and Nile Ritz-Carlton. The report …
Egypt needs 4.4m sqm of hospitals, 2.7m sqm of clinic spaces by 2025
Egypt’s demand for property allocated to healthcare by 2025 stands at 4.4m sqm of hospital space with investments worth EGP 40.5bn, and 2.7m sqm of clinics space with investments of EGP 17.8bn, according to a Colliers International report on Sunday. The report stated that Cairo alone requires an additional 4- 5 hospitals annually in order …