The 47th - Ownership and Business Overview

ConstructionCompany

The 47th Ownership

Who owns The 47th?

The 47th is owned by The Abraaj Group. It was acquired on December 1, 2010.

Is The 47th PE-backed?

Yes. The 47th is owned by private equity investor The Abraaj Group.

The 47th Business Overview

Where is The 47th headquartered?

The 47th is headquartered in New Cairo, Egypt.

What sector is The 47th in?

The 47th is a construction company.

Construction M&A Summary in 2010

Out of 60 sectors in the Mergr database, construction ranked 28 in number of deals in 2010. The largest construction acquisition in 2010 was Valemus Australia Pty - which was acquired by LendLease Group Stapled Securities for $754M.

Join Mergr to view all 66 acquisitions of construction companies in 2010, including 19 acquisitions by private equity firms, and 47 by strategics.

The 47th

New Cairo,
Egypt,

The 47th is a grade “A” office and retail property of New Cairo, Egypt, which was built in 2009. The Abraaj Group purchased the property in 2010 as part of its strategy to take advantage of growth opportunities emerging across North Africa following regional political changes. The building in the upcoming 5th district has attracted a number of leading multinationals as tenants, including Bristol-Myers Squibb, Fujitsu and GlaxoSmithKline. Despite political uncertainty, the investment has performed in line with expectations, retaining its 2010 value and yielding regular rental income. Our targeted leasing strategy has led to an increase in occupancy rate from 84% to 96% within 12 months.


Company Summary

SECTOR

Construction

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Construction Companies , Egypt Companies

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