Special Group partners with Mint Real Estate to elevate asset management for New Capital project
Special Group for Trade and Investment has entered a strategic partnership with Mint Real Estate Asset Management, a subsidiary of Al Ahly Sabbour, to oversee the full scope of asset management for its real estate portfolio and upcoming developments. The collaboration kicks off with Special Group's latest project in the New Capital, set to launch in the market soon.
The agreement, formalized in the presence of board members from both companies, marks a pivotal step in ensuring the project's market positioning, financial sustainability, and operational success.
With over 25 years of investment experience across multiple sectors, Special Group sees this expansion into real estate development as a natural progression of its expertise. Leveraging its extensive track record in large-scale infrastructure and construction projects, the company aims to deliver a commercially sound development that aligns with long-term growth strategies.
'A successful real estate project is about more than just construction—it's about creating lasting value,' said Mohamed Asaad, Chairperson of Special Group. 'Entering the development sector requires strategic vision, deep expertise, and the right partnerships. By collaborating with Mint Real Estate Asset Management, we are ensuring a market-driven approach that prioritizes strategic planning and long-term asset performance.'
Under this agreement, Mint Real Estate Asset Management will take the lead in strategic planning, marketing, sales execution, and CRM, ensuring the project is positioned competitively in an evolving real estate landscape. As supply in the New Capital continues to grow, effective differentiation and strategic asset management are becoming key drivers of long-term success.
'The market demands more than just prime locations and quality construction—it requires a forward-thinking approach to real estate asset management,' said Alia El Nagdy, CEO of Mint Real Estate Asset Management. 'Developments must be adaptable, responsive to market shifts, and structured for sustainable growth. Our role is to ensure that Special Group's entry into real estate development is backed by the right strategies, setting the project up for long-term success.'
As Egypt's real estate sector matures, this collaboration underscores the growing importance of professional asset management in optimizing project performance and strengthening investor confidence. With Special Group's industry expertise and Mint's strategic approach, the partnership is set to introduce a well-positioned, high-value development to the market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
11-05-2025
- Daily News Egypt
Special Group, Mint Real Estate launch '40 Square' residential project in New Capital
Special Group for Trade and Investment, in partnership with Mint Real Estate Asset Management, has announced the launch of 40 Square, a new residential development located in the New Administrative Capital (NAC). The announcement follows a strategic agreement signed in March, under which Mint will manage all of Special Group's real estate assets, beginning with this flagship project. Situated in the Residential Investors District, 40 Square spans more than 40 feddans and enjoys a prime location near the Green River Park, the government district, and key infrastructure. The project is designed to offer smart residential units, extensive open spaces, and integrated services, with a strong focus on long-term livability and functionality. It will include approximately 1,477 residential units, with the first phase slated for completion in 2026. Total investments are projected to exceed EGP 7 billion. This development marks Special Group's debut in real estate, building on its established expertise in construction, infrastructure, and service delivery. The move reflects the company's broader strategy to shift toward long-term value creation across its asset portfolio. 'Diversification has always been central to how we grow,' said Mohamed Asaad, Chairperson of Special Group. 'Our experience spans construction, healthcare, and industrial services. Entering real estate development is a natural extension of that strategy. But it's not just about building—it requires structure, planning, and long-term thinking. That's why we partnered with Mint, to bring expertise and discipline to every stage of the process.' Tamer Erfan, Chairperson of Mint Real Estate Asset Management, said: 'This partnership aligns perfectly with our vision of delivering projects that provide real, sustainable investment value—particularly in today's challenging market. 40 Square is more than a development; it's a chance to reshape real estate investment into a long-term, stable model, backed by intelligent planning and effective execution. That's the qualitative difference Mint brings to the table.' Mint will lead the commercial direction of the project, overseeing strategic planning, marketing, CRM, and sales. Their role will be critical in ensuring 40 Square not only launches successfully but is positioned for sustained performance. 'Today's real estate market isn't driven by supply alone—it's shaped by selectivity, affordability, and strategic positioning,' said Alia El Nagdy, CEO of Mint Real Estate Asset Management. '40 Square enters the market at a moment of both opportunity and constraint. Our goal is to align the project with how people want to live, invest, and grow. We're not just reacting to the market—we're anticipating it.' El Nagdy noted that while the NAC continues to attract long-term investment, the broader real estate sector faces growing pressures from inflation, cost volatility, and shifting consumer demand. Projects that endure, she emphasized, will be those rooted in solid fundamentals and guided by clear operational models—principles that define 40 Square. The launch of 40 Square sets a strategic tone for both companies' visions of the future of real estate development: one grounded in disciplined execution, operational clarity, and long-term value creation. As Special Group expands its footprint in the sector, and Mint continues to redefine real estate asset management in Egypt, their collaboration offers a model for sustainable, performance-driven development.
Daily News Egypt
18-03-2025
- Daily News Egypt
Special Group partners with Mint Real Estate to elevate asset management for New Capital project
Special Group for Trade and Investment has entered a strategic partnership with Mint Real Estate Asset Management, a subsidiary of Al Ahly Sabbour, to oversee the full scope of asset management for its real estate portfolio and upcoming developments. The collaboration kicks off with Special Group's latest project in the New Capital, set to launch in the market soon. The agreement, formalized in the presence of board members from both companies, marks a pivotal step in ensuring the project's market positioning, financial sustainability, and operational success. With over 25 years of investment experience across multiple sectors, Special Group sees this expansion into real estate development as a natural progression of its expertise. Leveraging its extensive track record in large-scale infrastructure and construction projects, the company aims to deliver a commercially sound development that aligns with long-term growth strategies. 'A successful real estate project is about more than just construction—it's about creating lasting value,' said Mohamed Asaad, Chairperson of Special Group. 'Entering the development sector requires strategic vision, deep expertise, and the right partnerships. By collaborating with Mint Real Estate Asset Management, we are ensuring a market-driven approach that prioritizes strategic planning and long-term asset performance.' Under this agreement, Mint Real Estate Asset Management will take the lead in strategic planning, marketing, sales execution, and CRM, ensuring the project is positioned competitively in an evolving real estate landscape. As supply in the New Capital continues to grow, effective differentiation and strategic asset management are becoming key drivers of long-term success. 'The market demands more than just prime locations and quality construction—it requires a forward-thinking approach to real estate asset management,' said Alia El Nagdy, CEO of Mint Real Estate Asset Management. 'Developments must be adaptable, responsive to market shifts, and structured for sustainable growth. Our role is to ensure that Special Group's entry into real estate development is backed by the right strategies, setting the project up for long-term success.' As Egypt's real estate sector matures, this collaboration underscores the growing importance of professional asset management in optimizing project performance and strengthening investor confidence. With Special Group's industry expertise and Mint's strategic approach, the partnership is set to introduce a well-positioned, high-value development to the market.
Daily News Egypt
28-10-2024
- Daily News Egypt
ACUD offers new facilities for mixed-use projects
Chairperson of Administrative Capital for Urban Development (ACUD), Khaled Abbas, announced that the company is gearing up to issue new facilities for real estate development companies in New Administrative Capital. Abbas said that ACUD will provide facilities for developers with projects under 5 feddans, provided they complete and fully finish the façades of the projects within six months. He noted that the company will grant developers an additional implementation period of up to six months and will reduce any delay penalties by 50%, if applicable. He pointed out that this measure aims to preserve the aesthetic appeal of the New Capital's projects. He added that planning is underway for an additional 40,000 feddans. Despite challenges in the first phase, the second phase is expected to be completed by the end of 2025 or early 2026. The main challenge facing the Administrative Capital Company is management, as we aim to offer a quality of life different from any other city, he disclosed. He explained that the New Capital is now ready to accommodate around 50,000 employees who work there daily, following the relocation of most ministries. He explained that initial indicators show the company's pre-tax profits for this year will exceed last year's EGP 27bn EGP by at least 25%. He said: 'The New Capital is open to partnerships with major real estate developers from Egypt and abroad to enhance its future recurring revenues.' He revealed that, according to studies, the city's maintenance costs will range between EGP 5-6bn annually. He concluded: 'We have received three offers from major companies and have already completed our evaluation of them.' He stated that a contract will be signed next week with a major Emirati company to develop 500 feddans in the industrial zone, noting that the ACUD is considering expanding the industrial zone, which currently spans 2,000 feddans, due to the increasing demand from industrial developers. He pointed out that the company had previously signed an agreement with Turkey's Polaris to develop 500 feddans in the industrial zone, with the land expected to be delivered to both companies in the second half of next year. During the Eighth Real Estate Conference, held under the title 'Placing Egypt on the Global Real Estate Map,' Abbas said that the company is in the process of contracting a financial advisor to re-evaluate the assets of the ACUD. He pointed out that the last valuation was EGP 285bn, at an exchange rate of EGP 15, and anticipated that the asset value could exceed EGP 1trn with the new evaluation. He concluded that the company has received numerous offers from investment banks to list part of the ACUD on the Egyptian exchange, but the board decided to defer consideration of these offers until the asset re-evaluation is complete and a final approach for the listing is determined.
