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New property firm launched in Beirut

Beirut, June 15, 2010

A new real estate firm offering a selection of residential and commercial property for sale and lease in Lebanon was recently launched in Beirut.

Vertica for real estate services will focus initially on the Lebanese market with the expectations that Lebanon’s economy will grow by up to 8 per cent this year owing to high capital inflows, said central bank governor Riad Salameh.

The performance of the Lebanese economy was strongly praised lately by the world’s top reference institutions, for having remained shielded from the global financial crisis spillovers and it is expected that Lebanon’s economy will grow by up to 8 per cent this year owing to high capital inflows, according to Riad Salameh.

“The launch of Vertica demonstrates our confidence in the future of the Lebanese economy,” said Mohamad Sinno, managing director of Vertica.

“Vertica will offer local, regional and international investors the opportunity to invest in Lebanon. As much as we focus on the Lebanese market we are planning to expand our services at a later stage to cover the Syrian and Iraqi markets.”

Vertica will be divided into 2 specialised sections. Vertica Properties will specialise in all kind of brokerage, sales and marketing services while Vertica Development will develop its own real estate projects.

“The performance of the Lebanese economy was strongly praised lately by the world’s top reference institutions for having remained shielded from the global financial crisis,” Sinno continued.

“Therefore we do hope that Vertica will contribute positively to the Lebanese real estate sector, by attracting the foreign direct investments, and by focusing on transparency, credibility and professionalism in dealing with investors,” he added. – TradeArabia News Service




Tags: foreign investments | lebanon | Beirut | real estate firm | Vertica |

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