Baker McKenzie Cairo Advises Marakez on EGP 3 Billion Bilateral Facility from Banque Misr

Baker McKenzie Cairo has advised Marakez, one of Egypt's leading mixed-use real estate developers, as borrower's counsel on securing an EGP 3 billion bilateral facility from Banque Misr.

The facility is intended to support Marakez's ongoing operations, enhance operational efficiency, and further strengthen its liquidity position. Repayment of the facility is underpinned by the stable and recurring cash flows generated from commercial lease revenues at Mall of Arabia, one of Egypt's largest and most prominent retail destinations.

Located in the 6th of October City, Mall of Arabia spans approximately 148 feddans and comprises around 420 retail units, with a total gross leasable area of approximately 142,000 square meters. The mall represents a cornerstone asset within Marakez's portfolio and a key driver of its recurring revenue base.

The transaction supports Marakez's continued growth as a leading developer of high-quality mixed-use destinations across Egypt, leveraging the strength of its income-generating assets and its proven track record in delivering integrated real estate developments.

Baker McKenzie Cairo provided end-to-end legal advice on the transaction, including structuring the facility, reviewing and negotiating the full suite of financing and security documents, and addressing lender requirements related to cash-flow mechanics and asset-backed repayment.

The Baker McKenzie Cairo team was led by Partner Mostafa Lotayef and Associate Noureldin Elhayatmy, advising on the structuring, negotiation, and documentation of the facility.

Commenting on the transaction, Mostafa Lotayef, Partner at Baker McKenzie Cairo, said: "We are proud to have supported Marakez on this significant financing, which reflects the strength of its portfolio and the resilience of income-generating retail assets in Egypt. This transaction underscores our continued focus on advising leading developers on complex real estate financings that support sustainable growth and long-term value creation."

The transaction further reinforces Baker McKenzie Cairo's position as a trusted adviser on high-profile real estate and development financings, working alongside leading market participants to support Egypt's evolving commercial and mixed-use real estate landscape.