Heliopolis Company for Housing and Development has received a proposal from the renowned real estate developer, Mountain View, to build a large-scale project in New Heliopolis City. This development is set to cover an expansive area of 517 acres, and the partnership proposal includes both technical and financial terms. NUCA has confirmed the offer, made under the partnership system, through a release to the stock exchange management. If the proposal is accepted, it could be a significant step forward for the development of the city and the real estate sector in the region.
Heliopolis Company for Housing and Development is reviewing the partnership proposal submitted by the prominent real estate developer Mountain View. Heliopolis Company for Housing and Development has emphasized that they have thoroughly studied the proposal and will release all pertinent details once the evaluation process is complete. This announcement was made after Heliopolis Company for Housing and Development confirmed the offer, which was made under the partnership system, through a release to the stock exchange management. If the proposal is accepted, it could be a significant advancement for the city’s development and the real estate sector in the region.
Heliopolis Company for Housing and Development has made significant progress in net profit growth during the third quarter of 2023. The organization witnessed a surge of about 512%, amounting to 19.41 million pounds, compared to 3.17 million pounds during the same period last year. This is a notable achievement for the authority, indicating robust financial performance and effective management. The success can be attributed to the strategic planning and efficient execution of initiatives that have contributed to a steady and consistent growth trajectory. Overall, this is a promising development for the authority, indicating a positive outlook for the future.
Total sales of New Urban Communities Authority reached 90.91 million pounds during the 3 months, compared to 63.54 million pounds during the same period in 2022, reflecting a growth rate of 43%.
