Mint Real Estate Asset Management and Suez Canal Bank have announced the launch of Anchors Real Estate Investment and Development Company, marking a significant step in fostering growth and innovation in Egypt’s real estate industry. Mint holds a 60% stake in Anchors, while Suez Canal Bank retains 40%, combining expertise in real estate and financial strength to deliver integrated solutions that advance the sector.
Comprehensive Real Estate Solutions
Alia El Nagdy, CEO of Mint and Anchors, emphasized the transformative potential of this collaboration, stating: “This partnership positions Mint as a leader in providing comprehensive real estate solutions, from acquisition and development to asset management and financing.” She added, “Anchors is uniquely equipped to offer timely financial solutions that support ambitious real estate projects and meet the growing market demand for alternative financing options.”
Anchors will operate as Mint’s dedicated investment arm, optimizing real estate processes to enable investors to efficiently achieve their goals. The company will focus on high-potential projects offering strong return prospects.
Expanding Suez Canal Bank’s Non-Banking Financial Services
Akif El-Maghraby, CEO and Managing Director of Suez Canal Bank
, highlighted the significance of the venture, saying: “This partnership aligns with our vision to expand into innovative, non-banking financial solutions while delivering greater value to our clients. Anchors will play a key role in driving real estate growth and enabling transformative projects.”
The creation of Anchors underscores Suez Canal Bank’s commitment to diversifying its revenue streams and enhancing its role in Egypt’s real estate development.
Landmark Deal and Future Opportunities
Anchors has already achieved a significant milestone by securing a landmark deal worth EGP 500 million with a leading Egyptian real estate developer. Commenting on the achievement, El Nagdy said: “This transaction demonstrates Anchors’ ability to address market gaps with innovative solutions, paving the way for sustained growth.”
El-Maghraby added: “This investment reflects our confidence in the Egyptian real estate sector and our commitment to supporting its long-term expansion.”
Attracting Regional and International Investments
With a robust foundation, Anchors aims to attract regional and international investments by identifying and executing impactful real estate projects that offer exceptional value. The company is committed to leveraging its expertise and resources to deliver innovative, high-return ventures, further contributing to the dynamic growth of Egypt’s real estate market.
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