With a growing portfolio currently standing at ten commercial real estate assets across East and West Cairo, Bonyan focuses on acquiring operational, income-generating properties providing immediate returns on investment.
Bonyan enables both institutional and individual investors to make flexible real estate investments that are aligned with their financial objectives.
With a diverse portfolio of grade A commercial assets in prime locations supported by leading multinational tenants, Bonyan targets rental yield and continuous asset appreciation.
Our portfolio is managed by industry experts who approach every opportunity with an owner-operator mindset.

Note from the Executive Chairman
In 2024, Bonyan delivered another year of exceptional financial performance, reflecting the resilience of our commercial real estate portfolio and the effectiveness of our operational and financial strategy. Rental revenues grew by 48% year-on-year to EGP 626 million, driven by higher lease rates and proactive asset management.
Despite an 800-bps interest rate hike, net profit remained strong at EGP 2,669 million, at a 66% margin, reflecting the resilience of its operationally light business model. Additionally, EGP 416 million capital increase enabled the early settlement of debt, reducing our Loan-to-Book Value (LTBV) ratio to 8% and driving a 49% YoY increase in Q4 net income.
During 2024, we successfully expanded our portfolio from eight to ten assets, acquiring Park St. Edition Building and Park St. West Unit, increasing our total built-up area by 9,548 to 146,000 square meters.
Revenue stability and tenant retention continued to be a core strength in 2024 as occupancy stood at 93%. We renewed leases with four key tenants in East Cairo, collectively contributing 5.4% of total rental revenues, while also adding 12 new tenants at Walk of Cairo (WOC). Our WAULT (weighted average unexpired lease term) remains healthy at 3.92 years for East Cairo assets and 3.67 years for West Cairo assets, ensuring long-term revenue visibility and consistent income generation.
Our strategic allocation of assets continues to drive value, with 83% of our rental revenues from East Cairo and 17% from West Cairo. Notably, 86% of our 2024 acquisitions were concentrated in East Cairo, where we see sustained demand for high-quality office and retail spaces. These investments strengthen Bonyan’s competitive positioning in Egypt’s most dynamic business and commercial hubs.
Looking ahead, Bonyan is accelerating expansion by targeting 10,000–15,000 SQM in acquisitions annually, reinforcing its first-mover advantage in the commercial real estate space. The focus remains on acquiring high-quality, income-generating assets that drive long-term capital appreciation and sustainable rental income. The upcoming delivery of our Golden Gate asset in 2025 and Park St. Edition in 2027 will further enhance our high-yielding portfolio, supporting continued profitability expansion and cash flow generation.
With a disciplined financial approach, strong governance, and a commitment to strategic growth, Bonyan is well-positioned to deliver sustained value and further strengthen its market leadership.


















