January 2024 — Bonyan for Development and Trade (Bonyan), the leading Real Estate Investment company focusing on acquiring and managing commercial real estate assets in Egypt, has successfully completed its eighth asset acquisition as part of its expansion strategy.
The newly acquired Grade A office building is located in Redcon’s Golden Gate on south 90th Street, adjacent to the American University in Cairo (AUC), New Cairo. The acquired building is a green certified office building with a BUA of 6,888 SQM.
“The transaction cements Bonyan’s strategy of becoming the leading real estate platform focused on the ownership of commercial real estate assets generating returns through capital appreciation and rental yields.” Shamel Aboul Fadl – Chairman of Bonyan.
Bonyan currently holds a diversified asset base consisting of 8 commercial assets across East and West Cairo. Currently two thirds of the company’s assets are geared towards Grade A offices while the remaining are in retail assets.
Bonyan was acquired by Compass Capital for Financial Investments, an alternative asset manager focusing on value investing, in July 2018 with the plan of establishing Egypt’s leading Real Estate Investment platform focusing on capital appreciation and rental yield.
Bonyan continues to seek growth through acquisitions of commercial and logistics real estate assets, to further enhance its portfolio and maximize shareholder returns.
Notes for Editors
Compass Capital is a leading alternative asset manager focusing on value investing. The firm’s multidisciplinary team has a long and successful track record of generating attractive investment returns, having successfully executed numerous transactions requiring capital flexibility, financial restructuring, and operational turnaround.
Bonyan is a Real Estate Investment company. Bonyan’s strategy focuses on acquiring and managing commercial real estate assets with the aim of creating an alternative real estate platform that generates shareholder returns through capital appreciation and rental yield.
Chief Investment Officer, Bonyan for Development and Trade
This communication contains certain forward-looking statements. A forward-looking statement is any statement that does not relate to historical facts and events, and can be identified by the use of such words and phrases as “according to estimates”, “aims”, “anticipates”, “assumes”, “believes”, “could”, “estimates”, “expects”, “forecasts”, “intends”, “is of the opinion”, “may”, “plans”, “potential”, “predicts”, “projects”, “should”, “to the knowledge of”, “will”, “would” or, in each case their negatives or other similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements containing information on future financial results, plans, or expectations regarding business and management, future growth or profitability and general economic and regulatory conditions and other matters affecting Bonyan. Forward-looking statements reflect the current views of Bonyan’s management (“Management”) on future events, which are based on the assumptions of the Management and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. The occurrence or non-occurrence of an assumption could cause Bonyan’s actual financial condition and results of operations to differ materially from, or fail to meet expectations expressed or implied by, such forward-looking statements. Bonyan’s business is subject to a number of risks and uncertainties that could also cause a forward-looking statement, estimate or prediction to differ materially from those expressed or implied by the forward-looking statements contained in this prospectus. The information, opinions and forward-looking statements contained in this communication speak only as at its date and are subject to change without notice. Bonyan does not undertake any obligation to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.