The Halan AZ Real Estate Investment Fund has reached a significant milestone with the successful closure of its first hospitality-focused tranche. This initial deployment into income-generating assets was fully subscribed shortly after its release. The fund is a joint venture established by the Egyptian fintech group MNT-Halan and the Italian asset management firm Azimut Egypt alongside MNP. This collaboration aims to provide institutional access to real estate investment opportunities across the Egyptian market.

A key part of this strategy involves a partnership with Brassbell Hospitality Group (BHG). The group serves as the operational partner responsible for developing and managing the hospitality assets within the portfolio. This inaugural phase focuses specifically on the restoration of heritage buildings in Downtown Cairo. These historic structures are being converted into professionally managed hospitality units. MNP for Real Estate Solutions was responsible for sourcing and structuring the transaction. Each asset underwent rigorous physical and legal due diligence to meet institutional standards before capital was deployed.

The successful funding of the first tranche serves as a proof of concept for Egypt’s capital markets. It comes at a time when the Egyptian government is targeting 30 million annual tourists by 2030. To meet this goal experts estimate a need for 200,000 new hotel rooms. Tourism remains a vital economic driver for the country with revenues reaching a record 18.2 billion dollars in 2025. Looking forward the Halan AZ fund plans to scale its operations significantly. The partnership intends to support the development of approximately 700 hospitality keys throughout Egypt during 2026.

The achievement was celebrated at a formal signing ceremony attended by several high-profile executives. These included Ahmed Abdel Meguid of MNP, Azimut Group CEO Ahmed Abou El-Saad and Brassbell Hospitality Group CEO Ahmed Ibrahim. MNT-Halan founder Mounir Nakhla and Halan AZ Fund Managing Director Khaled Sakr also attended the event. The group noted that this tranche is merely the first step in a broader pipeline of future investment tranches as the platform expands its reach in the hospitality sector.