|Type of Transaction
Madinet Masr , founded in 1959 and listed on the Egyptian Exchange in 1996 (MNHD.CA), is one of the leading real estate development companies in Egypt with strong brand recognition. In 2006, B Investments and its affiliates (all managed by BPE Partners) acquired 32% of Madinet Masr. Since the acquisition, the company has undergone a full transformation in all aspects of its operation. As of 2019, Madinet Masr had developed approximately 40 million sqm of land in Cairo’s suburbs, which are now home to 3 million people. The company owns a sizeable land bank of approximately 9 million sqm currently under development across 6 different projects. 3.5 million sqm of the land bank are located in a prime location near Cairo International Airport and 5.5 million sqm are strategically located on the Suez Road in East Cairo, in close proximity to the New Administrative Capital.
Through Madinet Masr, B Investments looked to invest in a market leader in the growing middle-income segment with a highly liquid balance sheet free of any outstanding disputes or liabilities. The investment falls under B Investments’ strategy of capturing high quality growth capital opportunities, with Madinet Masr’s top-tier management, brand equity, and effective corporate structure set to fully leverage this market opportunity.
A mixed-use development project of mini-gated residential communities and commercial areas on 3.7 million sqm of land located on Suez Road and Ring Road across from Cairo International Airport. Taj City is in the heart of New Cairo and 10 minutes away from Heliopolis and Nasr City. This self-sufficient community boasts the most premium location in greater Cairo where different neighborhoods are just a step away. The development incorporates street shopping areas, lifestyle amenities, cultural living and parks.
A 5.5 million sqm mixed-use development project located on the Cairo-Suez Road and Al-Amal axis, which makes Sarai New Cairo 10 minutes away from the AUC Campus, 15 minutes from the ring road, and 5 minutes from the New Administrative Capital. Water is the center feature of Sarai development; it has Cairo’s biggest lagoon spread over 50,000 sqm. Sarai will offer different amenities for its residents’ first-class education services, finest hotels, business opportunities, sports facilities, retail areas, and top-notch restaurants.
Strategically located in West Assiut, “Zahw” is a mixed-use development with a prime location in front of Badr University within close proximity to Assiut International Airport and 15 minutes away from the city center. The project features a commercial area that stretches along the main road spanning nearly 15,000 sqm. The project also features a 20,000 sqm sports club promising its residents an inclusive modern lifestyle.