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19-Feb-2017

Heliopolis Housing reportedly eyeing 500-feddan land at New Capital City

Heliopolis Housing is reportedly eyeing to acquire a 500-feddan land plot at the New Capital City, Company Chairman, Hady El-Deeb, was quoted as saying. The company aims to develop a mixed-use project on the land, on an off-plan sales basis. The news is yet to be officially confirmed by the company. (Al Borsa)   Heliopolis Housing: EGP27.61 as of 16 Feb. 2017, Rating: Buy, TP: EGP24.80/share, MCap: USD763mn, HELI EY/HELI.CA 

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