Halan AZ Real Estate Investment Fund Partners with Brassbell Hospitality Group and Closes Inaugural Tranche

The Halan AZ Real Estate Investment Fund, Egypt’s licensed and regulated diversified Real Estate Investment Trust (REIT), established by MNT-Halan in partnership with Azimut Group Egypt, announced the successful closing of its inaugural tranche operated by Brassbell Hospitality Group (BHG), marking the fund’s first deployment into professionally managed hospitality real estate assets.

Ahmed Abou Elsaad, CEO of Azimut Egypt, said, “Brassbell tranche, under Halan AZ Real Estate Fund, launch represents a new chapter of Azimut’s efforts to make investing in alternative assets accessible and considered a continuation to the reshaping of the asset management industry that Azimut started 6 years ago. By combining our asset management and financial and investment products development expertise with our partners technology, distribution and real estate expertise and capabilities, we are making a new asset class accessible for more Egyptians to participate in the country’s real estate prosperity as well as the hospitality industry story.”

Ahmed Abdelmeguid, Managing Director of MNP for Real Estate Solutions, said, “Through our partnership with Brassbell, we are able to transform dormant assets in specific locations into professionally managed, inflation-hedged, income-generating ones. The fund’s distribution capabilities through its partners open the door to a diverse pool of investors seeking exposure to the hospitality sector. High-quality real estate investments have historically been fragmented and difficult to access within a structured institutional framework.”

Ahmed Ibrahim, Chairman and CEO of Brassbell Hospitality Group, commented, “Through this platform, Brassbell will focus on operating and elevating hospitality assets to deliver consistent guest experiences and strong operational performance. Beginning with the transformation of heritage buildings in Downtown Cairo, our vision is to build a portfolio of professionally operated hospitality destinations that contribute to the revitalisation of historic districts while supporting Egypt’s expanding tourism sector. Brassbell plans to continue expanding its operational footprint across key destinations in Egypt through future investment tranches under the Halan AZ platform.”

By combining global asset management expertise, fintech-enabled distribution, and specialised real estate operating platforms, the Halan AZ Real Estate Investment Fund aims to unlock new pathways for participation in Egypt’s property market while supporting the development of high-quality real estate assets across key sectors of the economy.

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