The Clap
Banque Misr, Banque du Caire, & other heavy hitters in Egypt’s financial world have teamed up with Talaat Mostafa Group (TMGH) to launch “Misr Real Estate Investment Fund 1”.
What
The Financial Regulatory Authority (FRA) has given the green light for a capital of 500 million Egyptian pounds for the fund, which will invest in commercial real estate that consistently yields returns.
So what
This fund gives investors the chance to spread their investment risks across all the real estate in the fund and reap the rewards, & has already made a splash by purchasing assets in the Al-Rehab and Madinaty projects.
Now what
Mohamed Eletreby, Chairman of the Board of Directors of Banque Misr, announced that Misr Real Estate Investment Fund 1 is just the beginning – the bank has plans to establish more real estate investment funds in the near future.
