The American University in Cairo (AUC) sold the first of three buildings on its old downtown campus, after it moved to a new campus located in one of New Cairo’s suburbs.
Sources at the university declined to give any details about the sale, but Al-Masry Al-Youm has learned that the building was bought by an investment company called MBL, whose nationality is still unknown.
The building is not classified as historical or distinctive, meaning the buyer has the right to demolish it and build another one in its place.
Translated from the Arabic Edition.
