Monday 11 March 2024 12:08 PMRetal Developments has announced the full acquisition of Center Point Development, which owns the Harmony business complex in the New Administrative Capital (NAC). Saeed Hassan, the chairperson of Retal Developments, said: “This acquisition is part of our expansion plan to increase and diversify our business. Center Point is one of the active players in the Egyptian real estate market, which boosts the presence of Retal Developments in this promising sector.”Hassan added that Retal Developments has a land bank in the Egyptian real estate market worth more than EGP 3bn, with various residential and tourism projects, such as Retal View Resort in Ain Sokhna and Retal View Resort in North Coast. He stated: “Harmony Business Complex is a commercial administrative project that we are currently offering for sale. We will soon hold a press conference to announce our plans and vision for the Harmony Mall.”The Harmony Business Complex is located in the Downtown area of the NAC on a land area of 2,704 sqm.

Source: Daily News Egypt March 11, 2024 11:31 UTC