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PHDC - Palm Hills Developments News Story

$5.1 0.0  0.0%

Last Trade - 04/04/18

Sector
Financials
Size
Micro Cap
Market Cap £14.3m
Enterprise Value £216.1m
Revenue £238.6m
Position in Universe th / 1821

BRIEF-Palm Hills gets NUCA approval for integrated residential community in West Cairo

Sun 18th June, 2017 10:07am
June 18 (Reuters) - Palm Hills Developments Company Sae 
 PHDC.CA : 
    * Receives New Urban Communities Authority's (NUCA) approval 
on co-development of integrated residential community spanning 
12.6 million sqm in West Cairo 
    * Co to be responsible for financing, construction, 
development, internal infrastructure, marketing and sales 
activities 
    * NUCA will be contributing land bank in addition to all 
external associated infrastructure to boundaries of land 
    * Project is planned for launch during 2018 
    * NUCA to recieve cash revenue share of 26 percent, in-kind 
payment of up to 371k sqm of residential built up area (BUA), 
50k sqm of commercial BUA 
 
Source: (http://bit.ly/2tB6EzY) 
Further company coverage:  PHDC.CA  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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