Baker McKenzie Cairo advised Marakez, one of Egypt’s leading mixed‑use real estate developers, acting as borrower’s counsel, on securing a landmark EGP 3 billion bilateral facility from Kuwait Finance House — Egypt. The financing will drive the next phase of District 5, Marakez’s flagship development in East Cairo, supporting the major expansion of the Mindhaus Campus office park.
The new facility will fund the development of an additional phase of the Mindhaus Campus, which has reached full occupancy thanks to its integrated ecosystem, modern amenities and strategic location. The upcoming extension will add approximately 17,000 square meters of gross leasable area, purpose‑built for companies seeking flexible, high‑quality and well‑connected office spaces.
With demand for premium office space in District 5 continuing to rise, Marakez has already established a waiting list for prospective tenants, underscoring the strong interest from businesses looking to operate within a fully integrated mixed‑use community. The expansion will further strengthen District 5’s position as a dynamic commercial hub, offering seamless access to retail, banking, dining and lifestyle facilities.
The Baker McKenzie Cairo team was led by Baker McKenzie Cairo Partner Mostafa Lotayef, with support from Associate Noureldin Elhayatmy, advising on the structuring, negotiation and documentation of the facility.
Commenting on the transaction, Mostafa said:
We are proud to have supported Marakez on this significant financing, which reflects both the company’s ambitious growth plans and the strong market appetite for integrated commercial destinations. The expansion of the Mindhaus Campus will play an important role in shaping the future of premium office space in East Cairo, and we are pleased to contribute to a transaction that advances such a forward‑looking development.
The transaction further reinforces Baker McKenzie Cairo’s position as a trusted adviser on high‑profile real estate and development financings, partnering with leading market players to deliver projects that meet Egypt’s growing demand for high-quality commercial infrastructure.