{"id":651708,"date":"2017-02-19T04:06:19","date_gmt":"2017-02-19T04:06:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/heliopolis-housing-reaches-agreement-on-merryland-park\/"},"modified":"2017-02-19T04:06:19","modified_gmt":"2017-02-19T04:06:19","slug":"heliopolis-housing-reaches-agreement-on-merryland-park","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/heliopolis-housing-reaches-agreement-on-merryland-park\/","title":{"rendered":"Heliopolis Housing reaches agreement on Merryland Park"},"content":{"rendered":"

The Heliopolis Company for Housing and Development (HCHD) has reached an agreement with Magic Dreams and the Defense Ministry that will see Magic Dreams finalize its development of Merryland Park by the end of August, Al Mal<\/a> reports. The agreement will also see the ministry becoming the financial guarantor for the project instead of HCHD. As we noted last year<\/a>, HCHD was looking to enforce a court order to evict Magic Dreams from the plot, and had begun tendering parts of the park for development.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Heliopolis Company for Housing and Development (HCHD) has reached an agreement with Magic Dreams and the Defense Ministry that will see Magic Dreams finalize its development of Merryland Park by the end of August, Al Mal reports. The agreement will also see the ministry becoming the financial guarantor for the project instead of HCHD. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651708","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"b6a91d86-23bf-4113-ac28-4f006f577a9b","order":"0","is_powered_by":true,"section_story_id":"f11e8bfc-4bf9-4af8-8346-99c656cf520e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651672],"teaser":"","voice_url":""},"yoast_head":"\nHeliopolis Housing reaches agreement on Merryland Park - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/heliopolis-housing-reaches-agreement-on-merryland-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Heliopolis Housing reaches agreement on Merryland Park\" \/>\n<meta property=\"og:description\" content=\"The Heliopolis Company for Housing and Development (HCHD) has reached an agreement with Magic Dreams and the Defense Ministry that will see Magic Dreams finalize its development of Merryland Park by the end of August, Al Mal reports. The agreement will also see the ministry becoming the financial guarantor for the project instead of HCHD. 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Magic Dreams has settled debts worth EGP 5 mn with HCHD and will\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627471,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/03\/heliopolis-housing-reaches-egp-15-mn-settlement-agreement-with-magic-dreams\/","url_meta":{"origin":651708,"position":1},"title":"Heliopolis Housing reaches EGP 15 mn settlement agreement with Magic Dreams","author":"enterpriseam admin","date":"3 June 2018","format":false,"excerpt":"The Heliopolis Company for Housing and Development (HCHD) announced on Thursday (pdf) reaching a EGP 15 mn settlement agreement with Magic Dreams on the dispute related to the development of Merryland Park. HCHD has already received EGP 5 mn of the amount and is expecting to receive a similar payment\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":616689,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/10\/a-ton-of-real-estate-news-from-acud-talaat-moustafa-heliopolis-housing\/","url_meta":{"origin":651708,"position":2},"title":"A ton of real estate news from ACUD, Talaat Moustafa, Heliopolis Housing","author":"enterpriseam admin","date":"10 March 2024","format":false,"excerpt":"ACUD has landed five new partnerships worth EGP 180-200 bn in 2024.","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/715.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647978,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/heliopolis-housing-to-sign-egp-500-mn-agreement-with-el-taamir-on-thursday\/","url_meta":{"origin":651708,"position":3},"title":"Heliopolis Housing to sign EGP 500 mn agreement with El Taamir on Thursday","author":"enterpriseam admin","date":"24 May 2017","format":false,"excerpt":"Heliopolis Housing will sign a EGP 500 mn agreement with El Taamir (Al Oula) on Thursday to finance infrastructure projects at the up and coming New Heliopolis development, Chairman Hany El Deeb tells Al Borsa. The funds will be used in part for the construction of two electrical power stations\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":559367,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/19\/a-handful-of-updates\/","url_meta":{"origin":651708,"position":4},"title":"A handful of updates","author":"enterpriseam admin","date":"19 January 2021","format":false,"excerpt":"There\u2019s plenty of real estate news this morning: Al Ahly Sabbour Developments and Hyde Park Developments subsidiary Founders have launched their EGP 26 bn Gardenia City project on the Suez and Ring Roads, Al Mal reports. 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