Baker McKenzie Cairo has acted as legal counsel to a consortium led by Banque Misr S.A.E., which served as the financing agent, security agent, and account bank, in connection with a syndicated long-term loan facility amounting to EGP 6.2 billion. The facility was extended to Mountain View for Development and Real Estate Investment to support the financing of its flagship real estate project, “Mountain View 1.1”, which marks a new step in enabling sustainable, high quality communities in Egypt’s real estate landscape.
The syndicate of participating banks includes QNB Egypt, the Industrial Development Bank (IDB), the United Bank, EG Bank, and Al Baraka Bank, all acting as lenders.
The transaction was successfully signed on 30 July 2025, reinforcing Baker McKenzie’s continued role in high-value financing deals in Egypt’s real estate sector.
Leading on the transaction, Mostafa Lotayef, recently promoted Partner in the Banking and Projects practice at Baker McKenzie Cairo, commented: “We are proud to have once again supported Banque Misr and the banks on this strategic financing initiative. The transaction reflects our commitment to delivering sophisticated legal solutions that enable our clients to drive impactful development in Egypt’s real estate market. It also underscores our team’s deep expertise in structuring complex syndicated facilities and our long-standing relationship with Banque Misr.”
The Baker McKenzie Cairo team was led by Mostafa Lotayef and included Associates Noureldin El Hayatmy and Milad Fayez.
This marks the third syndicated facility recently handled by Baker McKenzie’s Cairo for Banque Misr, following its advisory role on the EGP 1.3 billion long-term syndicated loan to Middle East Real Estate and Tourism Investment Company (Palm Hills) related to Casa Cook Hotel, as well as its counsel on a real estate financing transaction for Landmark Developments (LMD).