Asteco in property investment firm tieup
Dubai, January 17, 2012
Leading UAE property management company Asteco has teamed up with IP Global, a full-service international property investment firm, to offer its clients sound investment opportunities in overseas real estate markets.
The partnership gives Asteco clients an opportunity to diversify their property portfolio and take advantage of IP Global’s full-service international investment offering, said a senior official.
'Property remains an asset class of choice for most investors. The focus on secure acquisitions in well regulated markets which are income generating and projected to see capital appreciation, remain a priority,” remarked Elaine Jones, CEO at Asteco.
IP Global’s unique selling proposition is that it takes an active participation in each venture that it brings to the market, she noted.
'Having a vested interest naturally strengthens investor confidence and provides property solutions that meet the requirements of their clients in the most transparent way,' said Jones.
“Considering the challenging global investment climate, we are witnessing an increased risk-averse attitude from our clients. IP Global’s proven track record researching, identifying, participating and securing solid property investments in mature markets with sustainable returns makes it an ideal partner,” she added.
Founded in Hong Kong in 2005, IP Global invests and manages properties in developed economies including the US and United Kingdom, and in emerging and frontier markets such as Brazil, Malaysia and Vietnam.
Its property portfolio includes The Richmond, a 94-luxury apartment building in Kuala Lumpur (Malaysia), The Drapery, an art deco inspired building in Islington (London) and 77 Hudson, a luxury apartment building located just minutes from New York City’s Financial District.
IP Global currently has over 3,000 clients with average investment opportunities around $750,000.
'Asteco has a broad and well-established client base. This partnership provides an opportunity to access international markets, with solid market research, consultancy, mortgage brokerage, legal, as well as lettings and management if necessary,' said Tim Murphy, CEO, IP Global.
'We can even help investors to develop exit strategies if they wish,' he added.-TradeArabia News Service