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CI Capital, an Egypt-based diversified financial services group, in cooperation with Talaat Moustafa Group (TMG), an Egyptian real estate developer, has announced the launch of the Awa’ed Real Estate Investment Fund with a total fund size of about EGP 8 billion (about $153 million).
The fund focuses on managing income-generating commercial units while also developing two strategically selected land plots that will be enhanced and subsequently sold to unlock capital appreciation, providing investors with balanced exposure to both recurring income and value creation.
“We are proud to collaborate with Talaat Moustafa Group in launching the Awa’ed Real Estate Investment Fund, which we view as a strategic platform to broaden the range of investment products in the Egyptian market and provide institutional access to real estate assets within a strong governance framework and a sophisticated investment structure. We believe it further reflects the Egyptian market’s growing ability to adopt more advanced investment vehicles that enhance the efficient deployment of capital,” stated Mahmoud Attallah, group executive vice chairman and managing director of CI Capital Holding.
CI Capital’s private equity arm – the fund manager – will oversee the fund’s overall management.
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