MBH advises Founders for Real Estate Marketing on EGP 10bn financing

Matouk Bassiouny & Hennawy (MBH) advised Founders for Real Estate Marketing, a subsidiary of Hyde Park Developments, as borrower, and Hyde Park for Real Estate Development, as corporate guarantor, on financing agreements of up to EGP 10 billion granted by Banque Misr.

Deal details

The financing has a tenor of up to eight years. It will support the acquisition and marketing of real estate assets owned by the New Urban Communities Authority (NUCA), as well as related operating costs.

The facility underlines the role of long-term financing in funding major real estate acquisitions and in enabling the development and marketing of integrated urban communities in Egypt.

Advisory team

The MBH team was led by Mahmoud S. Bassiouny, regional managing partner and group head of finance & projects, with the support of Iman Nassar, senior associate, and Habiba Elnaggar, associate.