Cairo, Egypt – (March 2008): Mansour and El Maghraby for Investment & Development (MMID), the majority stakeholder of Palm Hills Developments, has recently acquired a majority stake in Coldwell Banker Egypt, recognized internationally as one of the most successful real estate agencies. The acquisition took place during March 2008, giving both companies an added edge in the increasingly competitive Egyptian real estate market.
Coldwell Banker offices will now exclusively sell PHD property, providing existing and potential customers with a wide array of choices in residential and commercial PHD developments to suit their needs and requirements. In addition, this acquisition will create a new network of sales branches that will extend the company’s reach through a number of strategic locations including Nehro St. Heliopolis, Dokki, Maadi and Alexandria.
For PHD, Coldwell Banker was the obvious choice. It has always been the Company’s aim to bring the highest level of service to clients, whether in terms of creating the best quality developments or providing easily accessible sales locations - or indeed any other form of services - and Coldwell Banker is the perfect partner with which to continue providing this.
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