|Type of Transaction||Buyout|
Madinet Nasr for Housing & Development (MNHD), 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 2007, BPE-managed investment vehicles acquired 32% of MNHD. Since the acquisition the company has undergone a full transformation in all aspects of its operation. As of 2017, MNHD had developed approximately 40 million sqm of land in Cairo’s suburbs, which are now home to 3 million people. The company controls 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.
Tag Sultan is situated in an exceptional location on the intersection of the Cairo-Suez highway and Ring Road. The project is spread across 300,000 sqm and includes 1,750 units catering to different needs and tastes. The project was launched at the end of 2012 and deliveries of finished units started in October 2015.
Taj City is a 3.5 million sqm mixed-use development in the northern suburbs of Cairo with lush landscaping and world – class architecture.
Sarai is a mixed-use development in New Cairo designed by world-class architects.