Baker McKenzie Cairo Advises Banque Misr on EGP 10 Billion Real Estate Financing for Founders Real Estate Marketing

Baker McKenzie Cairo has advised Banque Misr S.A.E in connection with an EGP 10 billion bilateral long-term real estate financing extended to Founders Real Estate Marketing S.A.E, a subsidiary of Hyde Park Developments, marking one of the largest bilateral financings in the Egyptian market.

The facility will finance the acquisition of a residential project owned by the New Urban Communities Authority (NUCA), reinforcing ongoing investment in Egypt's real estate sector.
The Baker McKenzie team advised Banque Misr in its capacity as lender on all aspects of the transaction.

Mostafa Lotayef, Banking & Finance Partner of Baker McKenzie Cairo, commented: "We are pleased to have supported Banque Misr on this significant financing, which reflects continued confidence in Egypt's real estate market and the strong demand for high-quality residential developments. The transaction demonstrates the important role financial institutions continue to play in supporting major development projects that contribute to the country's economic growth."

The Baker McKenzie Cairo team was led by Partner Mostafa Lotayef, with support from Associates Omar Gamaleldin and Hania El Shazly.