Latest in Tag: Palm Hills Highlight
Latest in Tag: Palm Hills
Housing Ministry, Palm Hills partner to establish new city in 6th of October City with investments worth EGP 150bn
Ministry contributes by land in return for 26% of revenues: Minister of Housing
Palm Hills gets approval for development of a residential project area of 12.6 million sqm
New project primarily puts the company as the largest real estate developer in Egypt in terms of sales value and land size: Mansour
Palm Valley Mall, Palm Central add EGP 470m to Palm Hills sales
Beltone, Pharos, and Prime recommend buying the stock, fair value estimated at EGP 3.47-4.2
Exchange rate liberalisation contributes to attracting foreign investment to real estate sector: Palm Hills
Middle-income housing accounts for 25% of market needs, says Palm Hills CEO
SWA to finish plan for 500-acre project next month: Palm Hills
Palm Hills plans to apply for new plots of land in West Cairo on areas ranging from 150 to 200 acres, says Yasseen Mansour
Toward decentralisation: Palm Hills looks to government to initiate move beyond Cairoâs bounds
Palm Hills will deliver 1,800 housing units during the current year
Sales in Palm Hillsâ new project reach EGP 491m
Despite reports stating that demand on luxurious units will slow, PHD sells 45% of its projectâs units in two days
RTVC to invest EGP 4bn in its Stella Di Mare II project
Sales of the projects are estimated to amount to EGP 5bn
Palm Hills Development records profits of EGP 1.06bn in 2015
The company registered EGP 3.6bn in revenues
Investments in Palm Hillsâ New Cairo project at EGP 35bn: Minister of Housing
NUCA’s share of revenues is 42% of the total project revenue, according to cabinet statement
Palm Hills wins âbest residential project awardâ in Egypt Cityscape Awards ceremony 2015
Real estate company Palm Hills Developments have been awarded the coveted âResidential Project of the Yearâ at this yearâs Cityscape Awards for Real Estate in Egypt. Palm Hills won the award for its âGolf Views Neighbourhoodâ project. The company is carrying out the extension of its winning project âGolf Extensionâ in 6th of October City, …
Palm Hills records highest H1 net profit in companyâs history
Net profits in Q2 of 2015 register EGP 431.2m
PHD, MNHD to co-develop East Cairo residential community
Projectâs revenue will range between EGP 4.6bn and EGP 5.5bn
REACAP sells 13,452 sqm land for EGP 332m
EGP 120m of Alexandria land sale went to REACAP
MNHD Board approves Al-Hokair Groupâs mega mall construction offer
Investments worth EGP 700m are expected to be injected for the development of the mall, says MNHDâs Investor Relations Manager
EGP 218m Palm Hills net profit in Q1 of 2015
Palm Hills achieved sales of EGP 1.35bn, sales doubled for high-profit projects during Q1 2015, says co-CEO
Palm Hills expects EGP 1.3bn in Q1 sales
Rise in sales of company’s projects in western and eastern Cairo as well as North Coast main derivatives to this anticipation, company says
Palm Hills to manage financing joint project with MNHD near new capital: Source
Project to generate EGP 4.6bnâEGP 5.5bn revenue, development over 4 phases through 10 years, says joint statement
Disputes with investors: Government attempts to turn a new leaf
Government attempts to finalise land settlements with investors
74.2% Y-o-Y increase in Palm Hillsâ revenues
Net profit reached EGP 353.3bn, according to real estate company
EGP 1.6bn capital increase approved by Palm Hillsâ general assembly
Real estate company seeks to expand its commercial and residential portfolio
Larger stake in Palm Hills sought: Ripplewood CEO
Collins affirms commitment to support Egypt’s economic recovery, interest in more opportunities in the country
Palm Hills restores 56.77 feddans in Sheikh Zayed; New Cairo land settlement still outstanding
Palm Hills Development, cabinet and New Urban Communities Authority agree on EGP 229m settlement
Ripplewood deal boosts optimistic expectations for Egyptian real estate market growth
SODIC is one of the largest real estate development companies listed on the Egyptian Stock Exchange, launching projects targeting strata that earn above-average income.
Investment Law amendments nullify 20 lawsuits against government contracts, raising corruption fears
New legislation nullifies claims regarding the sale of the Bank of Alexandria, the National Bank for Development, Misr International, and Palm Hills
Palm Hills in talks over $342.m loan
Reuters – Egypt’s Palm Hills said it is in talks with the Arab African Bank over a EGP 2.4bn ($342.49 million) loan which it will use to finance projects and refinance some loans, it said in a statement posted on the bourse on Monday. The country’s second-biggest listed property developer said that in addition to …
Egyptian government attempts to woo former regime businessmen
Malek: Yassin Mansour and Hafez El Shishti âwill, God-willing, return to Egyptâ
Egypt’s Palm Hills falls into loss, revenues plunge
By Yasmine Saleh / Reuters CAIRO: Egypt’s second-biggest listed property developer, Palm Hills, reported on Monday it made a net loss of LE 331.3 million ($55 million) last year, compared with a profit of LE 526 million in 2010, as sales revenue plunged 67.6 percent. The firm suffered from last year’s uprising that toppled President Hosni …
Egyptian property firm Palm Hills hit by Q3 loss
CAIRO: Egyptian real estate group Palm Hills, the country’s second-biggest listed developer, reported a third-quarter net loss on Thursday, hit by weaker revenues and what analysts suspect was a high rate of cancellations. The firm, battered by investigations into previous state land sales and by client cancellations after the uprising that toppled Hosni Mubarak in …