Key Takeaways
- • Barakat, Maher & Partners in association with Clyde & Co served as legal advisor on the launch of Awaed Real Estate Investment Fund, Egypt's largest real estate investment fund with an investment volume of EGP 8 billion.
- • The Fund operates under Financial Regulatory Authority (FRA) oversight as a joint stock company and was established in association with Arab Company for Project & Urban Development (a Talaat Motsafa Group subsidiary) and CI Capital.
- • The Fund's first private placement achieved full subscription from leading Egyptian financial institutions, indicating strong institutional confidence in the fund's structure and investment portfolio focused on commercial rental units and development of two plots in the Madinaty Project in East Cairo.
- • Clyde & Co's Cairo office, established in early 2023 through its associated office Barakat, Maher & Partners, has positioned itself as a "transactional powerhouse" in Egypt's market, having completed complex M&A transactions including Egypt's first private sector insurance industry merger.
- • The legal team was led by Mostafa Elsakaa (Partner and Head of Capital Markets, Cairo Office), supported by senior associates Moataz El Sherbini and Walid Enany, alongside associates Omar Mahmoud and Mahmoud Toraya.
Summary
Barakat, Maher & Partners, in association with Clyde & Co, has advised on the launch of Awaed Real Estate Investment Fund, a landmark transaction representing the largest real estate investment fund in Egypt with a committed investment volume of EGP 8 billion. The fund launch constitutes a significant milestone for Egypt's real estate investment fund sector and reflects growing institutional appetite for structured real estate vehicles in the region.
The Awaed Real Estate Investment Fund is established as a joint stock company under Capital Market Law No. 95 of 1992 and operates under the oversight of the Financial Regulatory Authority (FRA). The fund was created in association with Arab Company for Project & Urban Development, a subsidiary of Talaat Motsafa Group (TMG), and CI Capital. The fund's investment strategy centers on commercial units generating rental proceeds and development of two plots within the Madinaty Project, one of East Cairo's most significant real estate developments.
The fund's first private placement round achieved full subscription from prominent financial institutions operating in Egypt, signaling strong institutional confidence in the fund's sponsorship, governance structure, and underlying asset portfolio. This robust demand reflects investor appetite for professionally-managed real estate vehicles offering diversified exposure to Egypt's commercial and development sectors.
Clyde & Co's expansion into Egypt through its Cairo office—established in early 2023 as Barakat, Maher & Partners—has rapidly established the practice as a significant transactional advisor in the Egyptian market. Beyond this real estate fund launch, the office has handled complex M&A transactions, private equity matters, regulatory work, and notably served as counsel on Egypt's first private sector insurance industry merger, demonstrating breadth across multiple sectors and transaction types.
The legal team executing this transaction was led by Mostafa Elsakaa, Partner and Head of the Capital Markets practice in the Cairo office, with support from senior associates Moataz El Sherbini and Walid Enany, alongside associates Omar Mahmoud and Mahmoud Toraya. The team's successful execution of this large-scale fund launch further establishes the practice's credentials in capital markets and structured investment vehicles.
The Awaed Real Estate Investment Fund is established as a joint stock company under Capital Market Law No. 95 of 1992 and operates under the oversight of the Financial Regulatory Authority (FRA). The fund was created in association with Arab Company for Project & Urban Development, a subsidiary of Talaat Motsafa Group (TMG), and CI Capital. The fund's investment strategy centers on commercial units generating rental proceeds and development of two plots within the Madinaty Project, one of East Cairo's most significant real estate developments.
The fund's first private placement round achieved full subscription from prominent financial institutions operating in Egypt, signaling strong institutional confidence in the fund's sponsorship, governance structure, and underlying asset portfolio. This robust demand reflects investor appetite for professionally-managed real estate vehicles offering diversified exposure to Egypt's commercial and development sectors.
Clyde & Co's expansion into Egypt through its Cairo office—established in early 2023 as Barakat, Maher & Partners—has rapidly established the practice as a significant transactional advisor in the Egyptian market. Beyond this real estate fund launch, the office has handled complex M&A transactions, private equity matters, regulatory work, and notably served as counsel on Egypt's first private sector insurance industry merger, demonstrating breadth across multiple sectors and transaction types.
The legal team executing this transaction was led by Mostafa Elsakaa, Partner and Head of the Capital Markets practice in the Cairo office, with support from senior associates Moataz El Sherbini and Walid Enany, alongside associates Omar Mahmoud and Mahmoud Toraya. The team's successful execution of this large-scale fund launch further establishes the practice's credentials in capital markets and structured investment vehicles.
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