Compass, a leading private equity firm, announced Sunday that portfolio company Bonyan for Development and Trade (Bonyan) has launched The Walk of Cairo (The WOC), an outdoor lifestyle destination that will redefine the leisure experience.
Spread over 116,000 square meters with 900 meters of prime frontage, the WOC is set to have over 100 local and international retailers, including food & beverage, diverse shopping outlets, a wellness center, family entertainment options, as well as many other attractions for visitors to experience and indulge in, all in one gated outdoor space.
Designed by renowned Chicago based architects Skidmore, Owings & Merrill (SOM), one of the leading architecture firms in the world, WOC is located in the heart of Sheikh Zayed area.
“The Walk of Cairo affectionately referred to as the WOC was born as the premiere outdoor lifestyle destination in Cairo catering to the entire family. The WOC will transform Cairo’s entertainment landscape and offer a unique experience to all its visitors. The WOC brings an exciting and unique offering to the city”, said Shamel Aboul Fadl, Founder and Chairman of Compass. “
The WOC will redefine the leisure experience with an array of exceptional dining, retail, entertainment and recreational activities along with office space. Leasing for phase one will begin in 1Q2019 and is already eliciting significant interest from leading local and international retail enthusiasts.
“In the last decade, changing demographics and the increased migration to West Cairo has created a greater need for outdoor spaces where people can socialize and congregate.
We are very proud to re-introduce the high-street concept once again in Egypt. Inspiration for this concept comes from turn- of- century Cairo and leading cities across the world, which offer a dynamic retail mix allowing visitors enjoy the pedestrian experience”, said Tarek Abdel-Rahman Compass Managing Partner.
Established in 2010, Compass has a proven history of unlocking value in unique assets. In July 2018, Compass acquired Bonyan, and immediately started a growth plan to transform the asset into an operational lifestyle destination. In September 2018, Bonyan completed a capital increase of 380 million Egyptian pounds in the company to prepare it for its future growth plans.