+2 01200070979

Semi finished studio for sale in Sun Capital with installments

21
Reference: NS 99792
MLS Realty
+201200070979
Email Agent
+2 012 00 231 000


Semi finished studio for sale in Sun Capital with installments

Reference:
NS 99792
Price:
Call Us
Finishing Status:
Semi Finished
Area:
103 sqm
Floor No.:
2
Bedrooms:
2
Bathrooms:
1
View:
Landscape View
The type of ownership:
Registered
Listed:
Thu 11 May 2023
About Sun Capital 6 October

Studio 2 Bedrooms for Sale in Sun Capital - 6 October By Arabia Group

Possible article:

Egypt-based Arabia Group has entered into a partnership with Sun Capital, a leading private equity firm, to form a new investment vehicle to pursue growth opportunities in the country and the wider region.

The compound, which is reportedly valued at around EGP 1.5 billion ($96 million), includes 480 units of different types, as well as retail and commercial spaces, spread over an area of 147,000 sqm in the 6th of October City, west of Cairo. The project is said to be nearing completion, with most of the units sold or leased out to local and foreign buyers, including Saudi investors.

Under the deal, Arabia Group and Sun Capital will jointly own and manage the compound, aiming to optimize its value and expand its footprint, while providing high-quality services and amenities to residents and visitors alike. They will also seek to tap into the growing demand for residential and commercial real estate in Egypt, driven by population growth, urbanization, and economic reforms.

"We are delighted to join forces with Sun Capital, which has a proven track record of creating value and driving innovation in the industries it operates in," said Mohamad Kamel, CEO of Arabia Group. "We share a vision of building sustainable and profitable businesses that serve the needs of our customers and the communities we serve. The compound is a prime example of our commitment to excellence in design, construction, and property management."

Ahmed Badreldin, Managing Partner of Sun Capital, commented: "We are excited to partner with Arabia Group in this landmark project, which represents a significant milestone in our investment strategy in Egypt. We believe that the compound has great potential to generate attractive returns for our investors, while meeting the high standards of quality and convenience that modern consumers expect. We look forward to working closely with our partners to unlock its full potential."

The partnership comes at a time when private equity firms are increasingly targeting Egypt as a promising destination for investments, buoyed by the government's efforts to improve the business climate and attract foreign funds. Sun Capital, which has over $1.8 billion of assets under management, has invested heavily in various sectors in Egypt, including healthcare, education, manufacturing, and food services. Its portfolio companies include leading brands such as Fawry, Cairo Scan, and Bisco Misr.

https://www.6october.biz/NS99792

MLS Realty
+201200070979

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