Palm Valley Mall and Palm Central Building, owned by Palm Hills Development Company, have achieved sales of EGP 470m since the beginning of the booking and selling period in April. Palm Valley Mall, located next to Palm Valley residential project, is underdevelopment. The company has achieved sales at Palm Valley Mall worth EGP 360m, selling at prices ranging between EGP 55,000-120,000 per square metre. Beltone highlighted the 6,000 feddans (25.2 million square metres) project, which is being negotiated between the company and the government, to develop the Palm Hills portfolio. Prime Holding has recommended the purchase of Palm Hills shares and set a target price of EGP 4.49 per share.

Source: Daily News Egypt June 11, 2017 07:30 UTC