Heliopolis Housing plans a non-residential complex in New Heliopolis
Heliopolis Housing owns a ready-for-development 240-feddan land plot in New Heliopolis, which it is planning to develop into a non-residential complex, with retail, commercial and recreational components. The company is currently considering engaging a third-party, in line with the agreement with SODIC for the development of the 655-feddan land plot in New Heliopolis, which is scheduled to be launched in 2H17. (Al Mal) Heliopolis Housing: EGP23.13 as of 8 December 2016, Rating: Buy, TP: EGP24.80 per share, MCap: USD569mn, HELI EY / HELI.CA
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