3    
Reference: BB 9654
EGP 2,406,700
B2B Real Estate
19323
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B2B Real Estate
+2 01020042007
Category:
Apartments / Sale
Type:
Flat+Garden
Price:
EGP 2,406,700 Cash
Price / Sqm:
EGP 13,752 Per Sqm
Area:
175 M2
Bedrooms:
3
Last Updated:
Thu 16 Feb 2017

We shall continue our focus on enhancing the Company's financial performance and position through an ongoing implementation of our four strategic pillars namely growth , earnings stabilization and diversification , improving profitability and expediting project delivery. Our balance sheet is in its strongest position ever whereby we successfully completed the EGP1.65 billion Rights Issue of 824 million new ordinary shares in June 2015 , a strong evidence of the sustained trust and commitment from our shareholders and the strong interest from new investors , with new shareholders coming onboard from the US , UK and UAE.

At Palm Hills Developments , we believe that the core of our success stems from the belief that , by setting standards in quality , price and delivery , we will turn every integrated community into a success story; your success story."
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.