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Gulf Canadian Real Estate gets EGP 27M purchase offers for 2 properties

Gulf Canadian Real Estate gets EGP 27M purchase offers for 2 properties

ArabFinance:  Gulf Canadian Real Estate Investment (CCRS) has received a purchase offer worth EGP 15 million from United For Real Estate Development to buy 1,400-square-meter commercial mall located in Ain Shams suburb in Cairo, according to an April 26th filing to the Egyptian Exchange.

The latter company, on behalf of one of its clients, has also offered to buy a 328-square-meter administrative building located in Mansoura at a total value of EGP 12,136,000.

In 2019, Gulf Canadian Real Estate Investment incurred a net loss of EGP 870,061, compared to EGP 585,552 a year earlier.

The listed company specializes in developing and managing real estate assets. Its main activities are related to construction projects in housing, tourism, and urban development sectors, as well as industrial projects and other related fields.

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