Bonyan Acquires Grade A Building in New Cairo
Deal News | Jan 14, 2025 | Zawya
Bonyan for Development and Trade recently acquired a Grade A office building measuring 8,178 square meters in New Cairo's Park Street Edition. The acquisition, concluded in December 2024, is part of Bonyan’s strategy to amass a portfolio of commercial real estate assets in key areas. Over the past 13 months, Bonyan has secured three such Grade A office spaces, expanding its ownership to 16,436 square meters. The company's portfolio now includes 10 commercial properties spread across East and West Cairo. Bonyan's investment approach emphasizes securing properties in prime locations to ensure consistent rental returns and long-term value addition.
Sectors
- Real Estate
- Investment
Geography
- Egypt – The acquisition took place in New Cairo, Egypt, indicating the geographical focus of Bonyan's real estate expansion.
Industry
- Real Estate – Bonyan's acquisition of an office building in New Cairo falls within the real estate sector, focusing on commercial property investment and development.
- Investment – The acquisition is part of Bonyan's investment strategy, emphasizing real estate assets in strategically important locations.
Financials
- 8,178 square meters – Size of the newly acquired Grade A office building in New Cairo.
- 16,436 square meters – Total area acquired by Bonyan in the past 13 months.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bonyan for Development and Trade | Buyer | Company | Bonyan is a development and trade company focusing on acquiring commercial real estate assets in strategic locations. |