Baker McKenzie Advised Marakez On EGP 3 Billion Bilateral Facility From Banque Misr
Baker McKenzie advised Marakez on securing an EGP 3 billion bilateral financing facility from Banque Misr.
Baker McKenzie Advised Marakez on EGP 3 Billion Bilateral Facility from Banque Misr
The global law firm, Baker McKenzie Cairo advised Marakez, one of Egypt’s leading mixed-use real estate developers, as borrower’s counsel on securing an EGP 3 billion bilateral facility from Banque Misr.
The financing facility will support Marakez’s ongoing operations, enhance operational efficiency, and further strengthen its liquidity position. The repayment structure is backed by the stable and recurring cash flows generated from commercial lease revenues at Mall of Arabia—one of Egypt’s largest and most prominent retail destinations.
Located in 6th of October City, Mall of Arabia spans approximately 148 feddans and houses around 420 retail units, with a total gross leasable area of approximately 142,000 square meters. The mall serves as a cornerstone asset within Marakez’s portfolio and a key driver of its recurring revenue base.
The transaction reinforces Marakez’s continued growth trajectory as a leading developer of high-quality mixed-use destinations across Egypt, leveraging the strength of its income-generating assets and its proven track record in delivering integrated real estate developments.
Baker McKenzie Cairo provided comprehensive legal advisory services on the transaction, including structuring the facility, reviewing and negotiating the full suite of financing and security documents, and addressing lender requirements related to cash-flow mechanics and asset-backed repayment arrangements.
Commenting on the transaction, Mostafa Lotayef, Partner at Baker McKenzie Cairo, said,
“We are proud to have supported Marakez on this significant financing, which reflects the strength of its portfolio and the resilience of income-generating retail assets in Egypt. This transaction underscores our continued focus on advising leading developers on complex real estate financings that support sustainable growth and long-term value creation.”
The deal further strengthens Baker McKenzie Cairo’s reputation as a trusted adviser on high-profile real estate and development financings, working alongside leading market participants to support Egypt’s evolving commercial and mixed-use real estate landscape.
The Baker McKenzie Cairo team was led by Mostafa Lotayef (Partner) with support from Noureldin Elhayatmy (Associate), who advised on the structuring, negotiation, and documentation of the facility.
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