{"id":628413,"date":"2018-05-03T04:07:56","date_gmt":"2018-05-03T04:07:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/sky-realty-holding-acquires-designopolis-from-qalaa-holdings-mena-home-furnishings-mall\/"},"modified":"2018-05-03T04:07:56","modified_gmt":"2018-05-03T04:07:56","slug":"sky-realty-holding-acquires-designopolis-from-qalaa-holdings-mena-home-furnishings-mall","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/sky-realty-holding-acquires-designopolis-from-qalaa-holdings-mena-home-furnishings-mall\/","title":{"rendered":"Sky Realty Holding acquires Designopolis from Qalaa Holding\u2019s MENA Home Furnishings Mall"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>M&A WATCH- Sky Realty to acquire Designopolis from Qalaa Holding subsidiary:<\/strong> Sky Realty Holding Ltd., a subsidiary of Compass Investment Holding Limited, entered into a sale and purchase agreement to acquire Designopolis from Qalaa Holding. In the transaction, Sky acquired 100% of Qalaa subsidiary MENA Home Furnishings Mall\u2019s stake in Designopolis owner Bonyan for Development and Trade. Proceeds to Qalaa amounted to EGP 162 mn. You can read <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2018\/05\/Designopolis-Holding-Statement-2-May-2018.pdf\">Compass\u2019 statement (pdf) here<\/a> and <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/216148_1.pdf\">Qalaa\u2019s disclosure here (pdf)<\/a>. Compass Capital was buy-side advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Sky Realty to acquire Designopolis from Qalaa Holding subsidiary: Sky Realty Holding Ltd., a subsidiary of Compass Investment Holding Limited, entered into a sale and purchase agreement to acquire Designopolis from Qalaa Holding. In the transaction, Sky acquired 100% of Qalaa subsidiary MENA Home Furnishings Mall\u2019s stake in Designopolis owner Bonyan for Development [&hellip;]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628413","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d07d7507-6111-4522-80a9-6ca58b61942d","order":"0","is_powered_by":true,"section_story_id":"64dbc2a4-6013-46fd-8c36-e29217caade0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628403],"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>Sky Realty Holding acquires Designopolis from Qalaa Holding\u2019s MENA Home Furnishings Mall - 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\/2018\/05\/03\/sky-realty-holding-acquires-designopolis-from-qalaa-holdings-mena-home-furnishings-mall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sky Realty Holding acquires Designopolis from Qalaa Holding\u2019s MENA Home Furnishings Mall\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Sky Realty to acquire Designopolis from Qalaa Holding subsidiary: Sky Realty Holding Ltd., a subsidiary of Compass Investment Holding Limited, entered into a sale and purchase agreement to acquire Designopolis from Qalaa Holding. 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Bonyan is the owner of the Designopolis mall in Sheikh Zayed. \u201cProceeds\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":644967,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/earnings-watch-qalaa-holdings\/","url_meta":{"origin":628413,"position":1},"title":"Earnings Watch: Qalaa Holdings","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings reported a net loss after minority interest of EGP 383.5 mn in 1Q207, compared to a loss of EGP 281.7 7mn in 1Q2016, according to the company's earnings release. While revenues grew by 22% year-on-year for the period, \u201cbottom-line profitability was weighed down by losses at\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626465,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018\/","url_meta":{"origin":628413,"position":2},"title":"Earnings Watch: Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018: Qalaa Holdings\u2019 revenues rose 48% y-o-y in 1Q2018 to EGP 3.1 bn \u201cdue to stellar performance of its key segments, broad-based economic recovery, and a favorable regulatory environment,\u201d the company said in a regulatory filing (pdf). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624862,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/20\/compass-completes-egp-380-mn-capital-increase-for-bonyan\/","url_meta":{"origin":628413,"position":3},"title":"Compass completes EGP 380 mn capital increase for Bonyan","author":"enterpriseam admin","date":"20 September 2018","format":false,"excerpt":"**#5 Compass has completed an EGP 380 mn capital increase for its portfolio company Bonyan for Development and Trade, bringing the real estate play\u2019s capital to EGP 654 mn, according to a company press release (pdf). Compass subsidiary Sky Realty Holding, which had acquired Bonyan from Qalaa Holdings in July,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604362,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/02\/qalaa-to-invest-egp-30-bn-over-three-years-says-heikal\/","url_meta":{"origin":628413,"position":4},"title":"Qalaa to invest EGP 30 bn over three years, says Heikal","author":"enterpriseam admin","date":"2 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Qalaa to invest EGP 30 bn over three years: Qalaa Holdings is planning to invest EGP 30 bn over the coming three years, Chairman Ahmed Heikal said. 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