Mint Real Estate Asset Management and Suez Canal Bank Partner to Launch Anchors
Mint Real Estate Asset Management and Suez Canal Bank have announced the formation of Anchors Real Estate Investment and Development Company, a new venture aimed at transforming Egypt’s real estate landscape. This strategic partnership combines the strengths of both organizations to drive growth and innovation in the sector. Mint holds a 60% stake in the new company, with Suez Canal Bank owning 40%. Together, they aim to provide integrated real estate solutions, leveraging Mint’s expertise in asset management and development, along with the bank’s strong financial capabilities, to capitalize on emerging opportunities
Alia El Nagdy, CEO of Mint and Anchors, stated, “This partnership positions Mint as a comprehensive provider of real estate solutions, covering everything from acquisition and development to asset management and financing.” She added, “Anchors is strategically positioned to offer timely financial solutions, meeting the growing demand in the market for alternative financing options.” Anchors will serve as Mint’s dedicated real estate investment arm, streamlining processes to help clients achieve their goals efficiently, with a focus on high-potential projects and strong returns
For Suez Canal Bank, the launch of Anchors represents a key step in diversifying its non-banking financial services and expanding its revenue streams. Akif El-Maghraby, CEO and Managing Director of Suez Canal Bank, emphasized the importance of the venture, saying, “This partnership aligns with our vision to expand into innovative, non-banking financial solutions, delivering greater value to our clients. Anchors will play a central role in driving real estate growth and enabling us to support transformative projects”
Anchors has already made a significant impact, securing a major deal worth EGP 500 million with one of Egypt’s top real estate developers. El Nagdy commented, “This deal demonstrates Anchors’ ability to fill market gaps with innovative solutions and lays the foundation for long-term growth.” El-Maghraby added, “This investment reflects our confidence in Egypt’s real estate sector and our commitment to supporting its long-term expansion”
With a strong foundation in place, Anchors is set to attract regional and international investments by executing impactful real estate projects that provide exceptional value. The company will continue to leverage its expertise and resources to deliver innovative, high-return ventures, contributing to the growth and dynamism of Egypt’s real estate market
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