Baker McKenzie Cairo Advised Marakez On EGP 3 Billion Bilateral Facility To Support Expansion Of District 5’s Mindhaus Campus
Baker McKenzie Cairo Advised Marakez on EGP 3 Billion Bilateral Facility to Support Expansion of District 5’s Mindhaus Campus
The global law firm, Baker McKenzie Cairo advised Marakez, one of Egypt’s leading mixed‑use real estate developers, acting as borrower’s counsel, on securing a landmark EGP 3 billion bilateral facility from Kuwait Finance House — Egypt. The financing will drive the next phase of District 5, Marakez’s flagship development in East Cairo, supporting the expansion of the Mindhaus Campus office park.
The facility will fund the development of an additional phase of the Mindhaus Campus, which has reached full occupancy thanks to its integrated ecosystem, modern amenities, and strategic location. The extension will add approximately 17,000 square meters of gross leasable area, designed for companies seeking flexible, high-quality office spaces.
Demand for premium office space in District 5 continues to rise, with Marakez already maintaining a waiting list for prospective tenants. The expansion will further strengthen District 5’s position as a dynamic commercial hub with seamless access to retail, banking, dining, and lifestyle facilities.
Mostafa Lotayef (Partner) commented,
"We are proud to have supported Marakez on this significant financing, which reflects both the company’s ambitious growth plans and the strong market appetite for integrated commercial destinations. The expansion of the Mindhaus Campus will play an important role in shaping the future of premium office space in East Cairo, and we are pleased to contribute to a transaction that advances such a forward-looking development."
The transaction reinforces Baker McKenzie Cairo’s position as a trusted adviser on high-profile real estate and development financings, partnering with leading market players to deliver projects that meet Egypt’s growing demand for high-quality commercial infrastructure.
The Baker McKenzie Cairo team advising on the transaction was led by Mostafa Lotayef (Partner), with support from Noureldin Elhayatmy (Associate), providing guidance on the structuring, negotiation, and documentation of the facility.
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