Chestertons, a British estate agency chain that ranks as one of the most established property consultancies in the world, has announced an affiliation agreement with Gemini, a real estate firm linked to Egyptian billionaire Naguib Sawiris.
This partnership will enable the London-based estate agency chain to launch operations in Egypt and create and implement concrete steps toward the integration of the next stage of brokerage standards in the country while providing exceptional customer service.
The deal also showcases Chestertons’ global network, which will ensure clients receive the best investment options and opportunities locally and globally. At the same time, Chestertons will represent Egypt’s prestigious homes and developments, backed by Gemini’s exceptional market expertise.
This strategic expansion positions Chestertons and our affiliated company, Gemini, led by Egypt’s second-richest man Naguib Sawiris, for substantial market share in the rapidly growing and prestigious market.
Chestertons Chairman Salah Mussa highlighted the significance of the partnership with Gemini, saying: “We’re thrilled to integrate Gemini into Chestertons International and expand our presence in Egypt. Their commitment to customer service aligns with ours, and we’re excited to support their growth in a burgeoning market with great potential.”
Gemini is a real estate developer that is part of Ora Developers, a real estate and investment holding company founded by Naguib Sawiris, a leading Egyptian businessman who ranks as one of Africa’s richest billionaires.
Since its inception in 2021, Gemini has managed to assist its clients in closing transactions worth more than EGP12 billion ($433 million) and is expected to more than double this value in the upcoming period. The Egyptian company plans to spend at least $1 billion to expand its presence in African markets over the next five years.
This investment coincides with the expansion phase of the Egyptian property market, as investors from Gulf countries look to tap into one of the largest property markets in the Middle East and North Africa to take positions in attractive companies in the market segment.
