EGYPT. Designopolis, a Portfolio Company of Bonyan for Development and Trade, is pleased to announce that it has won the Gold Award from the International Council of Shopping Centers (ICSC) in its first-ever Middle East & North Africa Shopping Center Global Awards program.
Designopolis won its gold award in the Design and Development category of Innovative Design and Construction of a New Retail Project. This category recognizes how new design and development standards have been established in the retail industry.
“We are enormously pleased to be the first winners of the Gold Award in the ICSC’s first MENA Shopping Center Global Awards,” said Nader Lahzi, Managing Director of Bonyan.
“As Egypt’s first furnishings, design and home accessories mall, Designopolis houses a total of 300 local and international furniture and design brands as well as complementary services and attractions in an attractive, modern setting that has already won the praise of design enthusiasts around the world.”
ICSC announced the winners of the 2011 ICSC Middle East & North Africa Shopping Centre Awards during an awards ceremony during ICSC’s RECon Middle East and North Africa, Dubai, United Arab Emirates. In addition, Designopolis is now automatically eligible to win ICSC's Best-of-the-Best VIVA Award.
The 2011 Middle East & North Africa Shopping Centre Awards are designed to recognise outstanding achievement in marketing, design and development of retail properties and retail store design and was open to shopping centre owners, developers, management companies, architects and designers, and retailers.
Designopolis is a Portfolio Company of Bonyan for Development and Trade, a specialty real estate developer operating in Egypt and the wider MENA region. In Egypt, Bonyan is building two state-of-the-art commercial real estate projects, namely design, furniture and home accessories malls under its Designopolis brand. Bonyan is a Platform Company of Citadel Capital.
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity-Specific Funds.
The firm’s 19 OSFs now control Platform Companies with investments of US$9.0 billion in 15 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$2.2 billion in cash returns to its co-investors and shareholders (on investments of US$ 650 million), more than any other private equity firm in the region.
Citadel Capital is the largest private equity firm in Africa by PE assets under management (2006-2011, as ranked by Private Equity International).
For more information, please visit www.citadelcapital.com.