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Thursday, 1 March 2018

Global Lease sets up real estate assets management arm

Global Lease has set up a real estate assets management arm with an initial portfolio worth EGP 200 mn, CEO Hatem Samir tells Al Borsa. Separately, Global Lease is looking to increase its leasing 30-40% this year and is targeting syndicated leasing activities worth EGP 900 mn. Ezdehar Egypt Mid-Cap Fund had acquired 60% of Global Lease in February, limiting Samir’s stake in the leasing company to 10%.

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