{"id":544574,"date":"2022-03-10T04:00:38","date_gmt":"2022-03-10T04:00:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/"},"modified":"2022-03-10T04:00:38","modified_gmt":"2022-03-10T04:00:38","slug":"efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/","title":{"rendered":"EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>EFG Hermes Corp-Solutions has signed a EGP 600 mn sale and leaseback <\/strong><strong>agreement with real estate developer <\/strong><strong><a href=\"https:\/\/lmd.com.eg\/\">LMD<\/a><\/strong> to finance its multi-purpose <a href=\"https:\/\/lmd.com.eg\/property-item\/3sixty\/\">3\u2019Sixty<\/a> project in New Cairo, it announced in a <a href=\"https:\/\/ent.news\/2022\/3\/EFG-Hermes-Corp-Solutions-x-LMD-Sale-Leaseback-English.pdf\">press release (pdf)<\/a> yesterday. The developer received the funding in two equal tranches, which were disbursed in January and early March.<\/p>\n<p><strong>LMD will direct the funds to \u201censure fast-paced construction and on-time delivery\u201d of the project<\/strong>, CEO Amr Sultan said in the release. The EGP 4 bn business and leisure park is set to include offices, clinics, and retail space.<\/p>\n<p><strong>EFG likes real estate: <\/strong>This marks the latest of several agreements in real estate for EFG\u2019s leasing and factoring arm, which is looking to make further inroads in the sector. \u201cThe real estate sector in Egypt continues to be one of the most attractive and fast-growing sectors,\u201d CEO Talal Elayat said, adding that the company plans \u201cto continue to offer our premium financing opportunities to real estate developers in order to add high-quality, income-generating assets to our portfolio.\u201d EFG signed two separate EGP 750 mn leaseback agreements with real estate developers <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/850d2216-0b24-4ff5-9248-017e0d9c3a42\">Misr Italia<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2eac66cd-7c5e-4937-9583-6fb425f3a217\">Madinet Nasr for Housing and Development<\/a> in the fourth quarter of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFG Hermes Corp-Solutions has signed a EGP 600 mn sale and leaseback agreement with real estate developer LMD to finance its multi-purpose 3\u2019Sixty project in New Cairo, it announced in a press release (pdf) yesterday. The developer received the funding in two equal tranches, which were disbursed in January and early March. LMD will direct [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":544575,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[88,84,820,72,242,1331,595],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-544574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-efg-hermes","tag-efg-hermes-corp-solutions","tag-enterpriseam","tag-leasing","tag-lmd","tag-non-banking-financial-services","wpautop","entry"],"acf":{"mongo_id":"08e58333-e8a9-436c-9b56-04b723b3f4c5","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/3\/126.jpg","photo_position":"above","related_issue":[544564],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD\" \/>\n<meta property=\"og:description\" content=\"EFG Hermes Corp-Solutions has signed a EGP 600 mn sale and leaseback agreement with real estate developer LMD to finance its multi-purpose 3\u2019Sixty project in New Cairo, it announced in a press release (pdf) yesterday. The developer received the funding in two equal tranches, which were disbursed in January and early March. LMD will direct [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-10T04:00:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/126.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD\",\"datePublished\":\"2022-03-10T04:00:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/\"},\"wordCount\":205,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/126.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt watch\",\"EFG Hermes\",\"EFG Hermes Corp Solutions\",\"EnterpriseAM\",\"leasing\",\"LMD\",\"non-banking financial services\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/efg-hermes-signs-egp-600-mn-sale-and-leaseback-agreement-with-lmd\/\",\"name\":\"EFG Hermes signs EGP 600 mn sale and leaseback agreement with LMD - 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The two-tranche transaction is part of a wider EGP 2.25 bn financing\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/202.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554242,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/efg-hermes-signs-egp-750-mn-sale-leaseback-agreement-with-mnhd\/","url_meta":{"origin":544574,"position":1},"title":"EFG Hermes signs EGP 750 mn sale + leaseback agreement with MNHD","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Madinet Nasr for Housing and Development (MNHD), the two companies said in a statement (pdf) on Sunday. The agreement is for the sale and leaseback of MNHD\u2019s Cobalt district in its Taj City\u2026","rel":"","context":"In &quot;NON-BANK FINANCE&quot;","block_context":{"text":"NON-BANK FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/493.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556012,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/06\/efg-hermes-signs-egp-750-mn-sale-and-leaseback-agreement-with-misr-italia\/","url_meta":{"origin":544574,"position":2},"title":"EFG Hermes signs EGP 750 mn sale and leaseback agreement with Misr Italia","author":"enterpriseam admin","date":"6 October 2021","format":false,"excerpt":"EFG Hermes\u2019 leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with Misr Italia Properties to refinance its Garden 8 Mall in New Cairo, EFG Hermes Corp-Solutions announced in a statement (pdf).Misr Italia will direct the funds to other projects: The money raised through the\u2026","rel":"","context":"In &quot;NON-BANK FINANCE&quot;","block_context":{"text":"NON-BANK FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/category\/non-bank-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/84.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547020,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/efg-hermes-corp-solutions-closes-egp-500-mn-bond-issuance\/","url_meta":{"origin":544574,"position":3},"title":"EFG Hermes Corp-Solutions closes EGP 500 mn bond issuance","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"EFG Hermes Corp-Solutions has closed an EGP 500 mn bond issuance that the company said is the first component of a \u201cwider EGP 3 bn bond program\u201d for the leasing and factoring player. EFG Hermes investment banking division announced the close of the transaction in a statement (pdf) out yesterday.What\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/157.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543527,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/06\/efg-hermes-corp-solutions-plans-to-take-out-egp-2-bn-in-loans-this-year\/","url_meta":{"origin":544574,"position":4},"title":"EFG Hermes Corp-Solutions plans to take out EGP 2 bn in loans this year","author":"enterpriseam admin","date":"6 February 2022","format":false,"excerpt":"EFG Hermes Corp-Solutions is negotiating with banks to borrow EGP 2 bn in 2022, CEO Talal Elayat told Al Mal last week. The funding will be directed at supporting the company\u2019s leasing and factoring activities. Corp-Solutions lent around EGP 8 bn last year, swelling the company\u2019s current portfolio to around\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543833,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/21\/misr-italia-issues-egp-794-mn-securitized-bond-raya-eyes-egp-2-bn-securitization-this-year\/","url_meta":{"origin":544574,"position":5},"title":"Misr Italia issues EGP 794 mn securitized bond + Raya eyes EGP 2 bn securitization this year","author":"enterpriseam admin","date":"21 February 2022","format":false,"excerpt":"Misr Italia Properties has closed its first EGP 794 mn issuance as part of an EGP 2.5 bn securitization program, according to a statement (pdf) yesterday from EFG Hermes, which advised on the transaction. The bond is backed by a receivables portfolio of around EGP 1 bn by two of\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/291.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=544574"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/544574\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/544564"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/544575"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=544574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=544574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=544574"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=544574"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=544574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}