Reference: BB 9516
EGP 4,325,000
B2B Real Estate
19323
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B2B Real Estate
+2 01020042007
Category:
Apartments / Sale
Type:
Flat+Garden
Price:
EGP 4,325,000 Installment
Price / Sqm:
EGP 21,410 Per Sqm
Area:
202 M2
Last Updated:
Thu 9 Mar 2017

To enhance the "Earnings Stabilization & Diversification" pillar , the Company has set-Up Palm Hills Investments ("PHI") during 2015 with the purpose of deploying existing raw land that have been allocated as investment property and commercial real estate throughout completed developments and projects under development. Palm Hills has allocated c.757 , 000 sqm as a starting point for commercial projects. The Company is targeting developments in the following segments: neighborhood and community malls , office buildings , leisure facilities , health & education , and selective hotel properties.

With regards to "Improving Profitability" pillar , having recently revisited its future development
plans , Palm Hills is currently exiting untapped real estate investments and unutilized land plots that are no longer fit within the future development program , while at the same manner increasing land bank and enhancing cash flows in existing projects.