MNHD approves Minka Real Estate Investment offer for land plot in Taj City

Madinet Nasr Housing and Development’s (MNHD) board of directors approved on Monday an offer from Minka Real Estate Investment to purchase a 3,360 sqm piece of non-residential land in MNHD’s Taj City project for a total of EGP 184.8 mn, MNHD said in a statement (pdf). The plot is in the first phase of Taj City’s office park, will be used to develop a hotel apartments project.