A Simpler Path to
Stronger Returns

Bonyan is not a property developer. Bonyan is a Real Estate Operating Company (“REOC”). We are an independent real estate investment company specialized in acquiring high-quality commercial assets that offer strong potential for primarily capital appreciation and rental yield. We typically target fully constructed assets to allow for immediate income generation.

Our expertise lies in identifying, acquiring, and optimizing real estate investments rather than engaging in construction or property development. The assets we acquire are either primary assets from developers, or in the secondary market from existing homeowners.

Traditional property developers generally operate on a "build-to-sell" model, focusing on constructing properties for immediate sale, resulting in limited exposure to long-term real estate price appreciation that is associated with asset ownership. Their sales are often off-plan units at a fixed price and over a period of time (typically between 6 to 12 years). With fluctuating construction costs, this leaves developers susceptible to margin compression throughout the life of the project. Essentially, they sell at fixed price today while construction cost is variable over the life of construction of the sold unit.

Bonyan contrastingly, does not build or develop. We buy the assets at a fixed price thus fixing our cost and hedging against any macroeconomic headwinds. Bonyan primarily operates under an "own-to-lease" model. This focuses on acquiring fully constructed and, in most cases, income-generating assets, offering distinct benefits for investors seeking stable and long-term exposure to the real estate market. This approach eliminates the significant construction and development risks associated with real estate development projects in Egypt.

The weakness that is present in the developer model is a strength in the Bonyan model. Where inflation causes margins to compress for developers, for Bonyan as an asset owner, it translates to asset appreciation, as the value of owned assets increases.

Bonyan offers a hassle-free alternative to physical property ownership, while providing the same exposure. By investing in Bonyan you hold a share of its vast portfolio of underlying assets and benefit from its institutionalized approach to real estate investing. The key benefits over direct ownership are:

1- Attractive Pricing

With a dedicated and experienced investments team, Bonyan screens the entire market for new attractive opportunities and transacts with speed and precision. Additionally, Bonyan focuses on large scale acquisitions, allowing for bargaining power in negotiations with sellers who offer wholesale discounts on purchase price per meter, thus securing attractive pricing for its shareholders.

2- Portfolio Diversification

Bonyan benefits from diversification on multiple levels; the portfolio is diversified in terms of asset type (office and retail), geographically (East and West Cairo) and finally the large number of tenants allow for revenue diversification, reducing concentration risk in the portfolio.

3- Professional Management

Bonyan has an experienced and agile investment team responsible for unlocking value and growing the portfolio, coupled with a specialized operations team that manages the assets to enhance value.

4- Flexibility

Bonyan offers flexibility for investors to adjust investment size, and enter and exit positions with ease depending on their evolving financial needs. Investors can gain exposure to a professionally curated, diversified real estate portfolio without the need for large capital outlays.

5- Depth and Liquidity of the Secondary Market

Bonyan provides a much more streamlined, transparent process for secondary trading compared to direct ownership where the owner wanting to sell the asset is responsible for finding a replacement buyer for a specific asset. Bonyan offers secondary market depth allowing for immediate liquidity providing flexibility for investors to exit their holding.

6- Capital Structure

Bonyan’s primary focus on the “Core” and “Core Plus” strategy means it targets cash flow-generating assets for immediate delivery, allowing Bonyan to take leverage at the portfolio level to further enhance returns.

Fractional ownership and Bonyan model both offer investors exposure to the attractive real estate market without the need for large capital outlays. However, there are key differences between the two models:

Depth and Liquidity of the Secondary Market

Bonyan offers distinct advantages to fractional property ownership by providing a streamlined and structured investment approach. Unlike the fractional ownership model which lacks a robust secondary market (where it is the seller’s responsibility to find a replacement buyer for a specific asset), Bonyan offers market depth and immediate liquidity, providing flexibility for investors to enter and exit positions.

Transparency

As a listed entity the company is covered by multiple specialized research houses that allows for transparency on the company valuation and its activities.

Regulated

As an EGX traded stock, Bonyan offers a regulated and highly liquid form of fractional ownership. With Bonyan you have greater flexibility to manage your investment as your financial needs develop.

Professionally managed

Bonyan alleviates the investor from the extensive market screening process needed to be able to make the optimal investment decision. Through the Bonyan, investors are buying into an existing portfolio of diversified assets, carefully curated and managed by a highly experienced investments team.

Diversification

Bonyan's diversified portfolio of high-quality commercial real estate minimizes risks associated with owning a single property. Their investment team employs a rapid market screening process, ensuring efficient and strategic investment decisions. By focusing on trophy assets in prime locations, Bonyan enables investors to access top-tier real estate without the management challenges, instead these assets are managed by seasoned professionals, attracting multinational and large local corporates as tenants, providing sustainable and consistent returns.

Pricing

Bonyan buys entire buildings, hence it is able to obtain attractive wholesale pricing from sellers in contrast with the typically smaller scale acquisition of fractional ownership.