Bonyan for Development and Trade

What Bonyan for Development and Trade does

Bonyan for Development and Trade is an Egypt-headquartered Real Estate Operating Company (REOC) that acquires and manages fully constructed Grade A commercial real estate assets across East and West Cairo. Founded in its current form in 2018 when Executive Chairman Shamel Aboul Fadl acquired the company and consolidated commercial properties under an own-to-lease model, Bonyan owns and operates 10 assets spanning 146,000 square meters of built-up area, including Walk of Cairo, a 116,000 sqm open-air lifestyle destination in Sheikh Zayed, and Grade A office buildings in New Cairo and Nasr City such as Building A5 at SODIC's Golden Gate, the Park Street portfolio, and Building 106 series. Revenue is generated primarily through long-term commercial leases with multinational and large local tenants (e.g., Nestlé Egypt, Kortech/Hassan Allam Group), with a portion of contracts USD- or FX-linked providing currency stability, supplemented by opportunistic unit sales that capture capital appreciation. FY 2025 disclosed total income of EGP 3.1 billion (including rental, unit sales, and fair value gains), rental revenue of EGP 752 million (+20.2% YoY), and net profit of EGP 2.0 billion; occupancy stood at 93% and WAULT at approximately 3.8 years at the most recent reporting. Distribution to tenants is direct enterprise leasing with no intermediaries, while investor exposure is delivered through EGX-listed shares (BONY.CA) following the July 2025 IPO, whose private placement was oversubscribed nearly 7 times.

Name

Bonyan for Development and Trade

Legal name

Bonyan Development & Trade

Website

https://bonyanegypt.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Bonyan for Development and Trade is a Cairo-based Real Estate Operating Company (REOC) that acquires and leases fully constructed Grade A commercial properties across East and West Cairo to multinational and large local corporations, distributing exposure to investors through EGX-listed shares.

Ownership category

akta.pro rank

Product category

Commercial Real Estate

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Commercial real estate
• Office space leasing
• Retail property management
• Real estate investment
• Property asset management

Headquarters

HQ city

Gîza

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

1. Rental Income: Primary revenue stream from long-term commercial property leases. Rents are generated from office and retail tenants across East and West Cairo. A significant portion of contracts are USD-linked or FX-linked, providing currency stability. Buildings are fully leased under long-term contracts with multinational and local corporations.
2. Unit Sales (Capital Appreciation): Secondary revenue from sale of units within commercial properties. Capital appreciation gains are realized through strategic property management and market appreciation. The company follows an 'own-to-lease' model primarily, with opportunistic asset sales based on economic and strategic benefit to shareholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Bonyan for Development and Trade is a Real Estate Operating Company (REOC) that acquires, owns, and manages fully constructed commercial real estate assets across East and West Cairo. The company operates a portfolio of 10 Grade A office buildings and the Walk of Cairo retail destination, generating revenue primarily through long-term leases to multinational and local Egyptian corporations, with secondary revenue from capital appreciation via unit sales.

Product overview

Bonyan is a Real Estate Operating Company (REOC) that operates as a single unified investment platform rather than a modular product architecture. The company's core offering is its commercial real estate portfolio comprising 10 Grade A assets across East and West Cairo, including office buildings (Buildings 15, 44, 75, 106A, 106B, 250, A5, Building E, Unit 1604) and the Walk of Cairo retail destination. Bonyan does not develop properties; it acquires fully constructed, income-generating assets and manages them through four investment strategies: Core Plus (fully leased prime properties), Core (partially leased with value creation potential), Value Add (properties requiring repositioning), and Opportunistic (redevelopment opportunities). The company generates revenue through rental income and capital appreciation, offering investors exposure to Egypt's commercial real estate market through listed shares on the Egyptian Exchange (ticker: BONY.CA).

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Portfolio Bonyan's owned and operated portfolio of 10 commercial real estate assets across East and West Cairo in Greater Cairo, comprising Grade A office buildings and retail spaces. The portfolio includes office buildings in New Cairo (Buildings 15, 44, 75, 106A, 106B, 250, A5, Building E), a retail destination (Walk of Cairo), and a unit in Sheikh Zayed (Unit 1604). Managed with an owner-operator approach to generate rental income and capital appreciation for enterprise tenants and investors.
• Walk of Cairo (WOC) Retail Destination A 116,000 square meter outdoor lifestyle destination in Sheikh Zayed, West Cairo featuring over 100 local and international retailers across retail, food and beverage, entertainment, and wellness sectors. The property spans 900 meters of prime frontage and serves as a flagship retail asset in Bonyan's portfolio.
• Building A5 at Golden Gate (Grade A Office) A 6,888 square meter Grade A office building located in SODIC's Golden Gate mixed-use development in New Cairo. The building holds EDGE Advanced sustainability certification and was fully leased to Nestlé Egypt for its Nestlé Business Services (NBS) Shared Services organization under a six-year lease commencing March 2026 at $30.4 per sqm monthly with 5% annual escalation.

Quantifiable outcome

• 20.2% year-on-year increase in rental revenues to EGP 752 million in 2025
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Kortech (Subsidiary of Hassan Allam Group)coreChannel Partner/ Reseller/ Distributor · 18 February 2026Bonyan secured a new long-term lease for 4,297 square meters at Building 106B with Kortech, a subsidiary of Hassan Allam Group. This represents full occupancy of Building 106B, demonstrating Bonyan's ability to attract large regional corporations as tenants.

Scale indicators13 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Palm Hills Development: The largest listed Egyptian real estate developer (EGX: PHDC), with overlapping exposure to East and West Cairo residential and commercial markets. Comparable as a publicly listed Egyptian real estate platform, though it operates a build-to-sell model rather than Bonyan's own-to-lease REOC model.
• SODIC (Six of October Development & Investment): Listed Egyptian real estate developer behind the Golden Gate development in New Cairo, where Bonyan owns Building A5. Highly comparable as a listed Egyptian real estate company with overlapping geographies, though SODIC is a developer rather than a listed REOC.
• Madinet Nasr Housing (MNHD): Listed Egyptian real estate developer with substantial East Cairo exposure (Nasr City, similar to Bonyan's Buildings 106A/B). Comparable as a publicly listed Egyptian real estate company, but primarily a residential developer rather than an own-to-lease commercial REOC.
• Emaar Misr for Development: Egyptian subsidiary of Emaar Properties, one of the largest listed real estate developers in Egypt. Comparable as a major listed Egyptian real estate player with significant Cairo exposure, though focused on build-to-sell residential and mixed-use rather than own-to-lease commercial.
• Orascom Development Egypt (ODE): Listed Egyptian real estate developer with a portfolio of integrated towns and commercial real estate. Comparable as a publicly listed Egyptian real estate platform, though structurally a developer rather than a pure REOC like Bonyan.
• Heliopolis Company for Housing and Development: Long-established listed Egyptian real estate company with significant land bank and commercial exposure in Cairo. Comparable as a legacy listed Egyptian real estate platform, though focused on residential and older office stock rather than Grade A new-build offices.
• CapitaLand Investment: Asia-headquartered, listed real estate investment manager and operator with a global portfolio of commercial assets. Comparable as a publicly listed REOC/investment platform, but significantly larger and operating in different geographies from Bonyan.
• Link REIT: Hong Kong-listed REIT focused on income-generating commercial real estate in Hong Kong and mainland China. Comparable as a publicly traded income-focused commercial real estate platform, but operates in Asia with a much larger portfolio than Bonyan.

Emerging players

• Amer Group: Egyptian real estate company with growing exposure to commercial and mixed-use projects. Comparable as a Cairo-focused real estate player, though smaller in scale and primarily a developer rather than a listed REOC.
• Mountain View (DMG - Dar Al Ma'ali Group): Major Egyptian real estate developer active across East and West Cairo, with overlapping geographies to Bonyan's portfolio. Comparable as a Cairo-focused commercial real estate competitor, though not publicly listed and primarily a build-to-sell developer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bonyanrealestateinvestments
• LinkedInlinkedin.com/company/bonyanrealestateinvestments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bonyan for Development and Trade