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Firms ink $3.8bn Cairo mixed-use scheme deal

CAIRO / EMIRATES BUSINESS Egypt’s Sixth of October Development and Investment Company (Sodic) and Heliopolis Development Housing (Heliopolis Housing) have signed a co-development contract for a major mixed-use scheme in Cairo. Sodic will develop 70 per cent and 69.8 per cent of the residential and commercial units respectively, while Heliopolis House will develop the rest, according to a company statement. ...

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Forget the loft: The newest trend in luxury real estate is walls

MANHATTAN / Bloomberg For Wendy Maitland, Town Residential’s president of sales, an Oscar-winning director client of hers was a typical real estate shopper with typical requests. He had a seven-figure budget and was keen to buy into one of the many new luxury condo complexes sprouting around Manhattan. Maitland showed him multiple locations until they whittled his choice down to ...

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Bolivia’s unlikely dream of cashing in on Coca export

DPA Franziska Berra has been plucking coca leaves for 65 years. In scorching heat, from 9 am until at least 5 pm, eight hours almost without a break: just coca. She never learned anything else. “Now the price has hit rock bottom,” says the 80-year-old, who bends down all day to pluck the green leaves and covers her head with ...

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