Egypt’s first regulated diversified REIT is deploying capital

The Halan AZ Real Estate Investment Fund, backed by MNT-Halan and Azimut Egypt, has closed its inaugural investment tranche in partnership with Brassbell Hospitality Group, according to a statement (pdf).

This marks the fund’s first deployment in the hospitality sector. The platform looks to develop and operate 700 extra keys across Egypt this year, with a portfolio that includes heritage buildings in Downtown Cairo being transformed into managed hospitality assets.

Who’s involved? MNT-Halan serves as a co-sponsor and distributor of the issuance, Azimut Egypt serves as a co-sponsor and fund manager, Brassbell Hospitality Group is the operator of the hospitality platform, and MNP for Real Estate Solutions is the property manager.

REMEMBER- MNT-Halan and Azimut Egypt launched what they billed as Egypt’s first digitally distributed real estate fund back in December. The fund allows retail investors to buy into diversified property portfolios through app-based certificates, opening up access to income-generating real estate with smaller ticket sizes.

Ebdaa and Saudi Arabia’s Bravo launch new real estate JV

Ebdaa Real Estate Development has partnered with Saudi Arabia’s Bravo Facility Management to launch Ouda Developments, a new JV targeting integrated residential and commercial projects across Egypt, Al Mal reports. Ouda plans to funnel over EGP 50 bn into the Egyptian market between 2026 and 2029, starting with a mixed-use project in New Obour City that will feature co-working spaces, recreational areas, and a business center.