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Kato sells stake in ERC in EGP 121.8 mn transaction
Kato investments has sold its 11.5% stake in Egyptian Resorts Company (ERC) to Red Sea Hotels Holding Company for Tourism…
Real Estate + Housing
Home / Real Estate + Housing
TMG denies plans to buy Alexandria Airport land
Talaat Moustafa Group Holding denied it is planning on buying the Alexandria Airport land plot, according to a bourse disclosure.…
Arabella is looking to secure EGP 800 mn in funding
Arabella Tourist and Urban Development is tapping the Egyptian Gulf Bank to arrange an EGP 800 mn loan to finance…
Aloula to spend EGP 350 mn on mortgage finance for low-income earners
El Taamir Mortgage Finance (Aloula) plans to lend EGP 350 mn as part of the CBE’s mortgage finance initiative to…
PHD successfully concludes negotiations to reduce interest on its debts
Palm Hills Developments (PHD) has successfully concluded negotiations with its lenders to reduce interest rates on its medium-term debts, the…
Golden Pyramids says asset sequestration by OCI unlawful
Golden Pyramids Plaza says Orascom Construction Industries (OCI) and Consolidated Contractors International began sequestering some of its assets “without any…
Housing Ministry plans to tender land in 23 cities for investment
The Housing Ministry plans to tender 86 plots of land across 23 cities for investment projects, according to Al Shorouk.…
ARDIC achieves sales of EGP 1.2 bn in Zizinia El Mostakbal
Real estate developer Ardic has sold 45% of its Zizinia El Mostakbal project for an estimated EGP 1.2 bn, according…
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