{"id":599291,"date":"2019-06-24T04:00:35","date_gmt":"2019-06-24T04:00:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/"},"modified":"2019-06-24T04:00:35","modified_gmt":"2019-06-24T04:00:35","slug":"misr-italia-establishes-egp-100-mn-real-estate-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/","title":{"rendered":"Misr Italia establishes EGP 100 mn real estate fund"},"content":{"rendered":"

Property developer Misr Italia has established a real estate fund with initial capital of EGP 100 mn, Chairman Hani El Assal told Al Shorouk<\/a>. The company plans to invest EGP 2 bn this year and is in talks with the National Bank of Egypt over a EGP 500-700 mn loan for its Cairo Business Park project and another EGP 150 mn for a hotel within the project. Talks are currently centered on the loans\u2019 interest rate, which Misr Italia is looking to reduce from 20-21%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Property developer Misr Italia has established a real estate fund with initial capital of EGP 100 mn, Chairman Hani El Assal told Al Shorouk. The company plans to invest EGP 2 bn this year and is in talks with the National Bank of Egypt over a EGP 500-700 mn loan for its Cairo Business Park […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9304],"tags":[72,987,83,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599291","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-misr-italia-properties","tag-real-estate","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"db749cbe-c0c5-47eb-a598-822e6e2ad5f5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599260],"teaser":"","voice_url":""},"yoast_head":"\nMisr Italia establishes EGP 100 mn real estate fund - 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\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Misr Italia establishes EGP 100 mn real estate fund\" \/>\n<meta property=\"og:description\" content=\"Property developer Misr Italia has established a real estate fund with initial capital of EGP 100 mn, Chairman Hani El Assal told Al Shorouk. The company plans to invest EGP 2 bn this year and is in talks with the National Bank of Egypt over a EGP 500-700 mn loan for its Cairo Business Park […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-24T04:00:35+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Misr Italia establishes EGP 100 mn real estate fund\",\"datePublished\":\"2019-06-24T04:00:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/\"},\"wordCount\":90,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Misr Italia Properties\",\"real estate\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/misr-italia-establishes-egp-100-mn-real-estate-fund\/\",\"name\":\"Misr Italia establishes EGP 100 mn real estate fund - 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The Engineering Consulting Bureau will be managing the project, which should\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651235,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/misr-italia-looking-to-borrow-egp-712-mn\/","url_meta":{"origin":599291,"position":1},"title":"Misr Italia looking to borrow EGP 712 mn","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"Real estate developer Misr Italia is looking to borrow EGP 712 mn to fund its Cairo Business Park project in the Fifth Settlement, Amwal Al Ghad reported, citing an unnamed source. The National Bank of Egypt and the Arab Investment Bank have agreed to contribute EGP 312 mn and EGP\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629222,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/24\/misr-italia-buys-110-feddans-for-egp-9-bn-project-in-new-capital\/","url_meta":{"origin":599291,"position":2},"title":"Misr Italia buys 110 feddans for EGP 9 bn project in new capital","author":"enterpriseam admin","date":"24 May 2018","format":false,"excerpt":"Real estate developer Misr Italia Properties has purchased a 110 feddan plot in the new capital to build an EGP 9 bn project, Al Mal reports. The company is currently in talks with global consultants and architects to join the project.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626692,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/misr-italia-is-preparing-to-launch-a-real-estate-fund-targeting-foreign-investors\/","url_meta":{"origin":599291,"position":3},"title":"Misr Italia is preparing to launch a real estate fund targeting foreign investors","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"Real estate developer Misr Italia is currently preparing to launch a real estate fund, Chairman Hanny El Assal tells Al Shorouk. The fund will target foreign investors and focus on investing in hotels, as well as administrative and commercial properties, El Assal said without providing additional detail. 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