Palm Hills Developments is a leading real estate company in the Egyptian market, offering integrated residential, commercial real estate, and resort projects. Founded in 2005 by Mansour and Maghraby Investment and Development Company [MMID], the company is listed on the Egyptian Stock Exchange and London Stock Exchange, traded under the symbols "PHDC.CA" and "PHDC.LI" respectively. Presently, Palm Hills Developments possesses one of the largest land banks in the country, rapidly growing into a regional player with a geographically diversified land bank suitable for a broad range of real estate products.Currently, Palm Hills Developments has a portfolio of 26 projects spanning different development stages nationwide, covering over 27 million square meters [sqm] in Egypt, including 5 million sqm earmarked for sale in Saudi Arabia. The Company's product offering includes primary homes on both West Cairo and East Cairo, as well as second homes by the Mediterranean Sea. The land bank includes 757,000 sqm earmarked for Commercial/Retail developments with ambitions to have such properties contribute around 25% of the Company's consolidated Net Income by 2020.
The most recent investment in Palm Hills Developments was a EGP472.50M post-IPO debt investment at 10 September 2023. The investor in this round was EFG Hermes.
Business keywords:
property development, residential projects, commercial real estate, resort projects, Egyptian market, integrated communities, geographically diversified, land bank, regional player, primary homes, second homes, commercial/retail developments, growth strategy, stock exchange listing
Egypt
