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Tasweek sees property portfolio success

Abu Dhabi, January 18, 2012

Abu Dhabi-based Tasweek Real Estate Marketing & Development said its $250 million property portfolio, once completed by the first quarter of 2012, will generate an annual investment yield of 5 to 7 per cent.

A property adviser and solutions provider in the Middle East, Tasweek said the properties offer high rewards for initial investors who will be able to avail of flexible options and schemes.

Tasweek's portfolio buildup began in late 2009 with short- and medium-term objectives focusing on consistent income streams and capital growth.

The overall strategy was to form a balanced portfolio with investments in development joint ventures (61 per cent), income bearing assets (23 per cent), and mezzanine funding (16 per cent), the company said in a statement.

The covered segments include hospitality development (30 per cent), residential (43 per cent), commercial (16 per cent), healthcare (4 per cent), and mixed use (7 per cent).

The portfolio is spread in various geographical locations   including Malaysia (29 per cent), Thailand (11 per cent), Morocco (18 per cent), and the UAE (42 per cent). The portfolio tenure is 10 years with an internal rate of return of 25 per cent.

Masood Al Awar, Tasweek CEO said, 'We are very excited over the conclusion of our fund buildup within the next few months. We have lined up some of the best developments within the world’s top property markets, for investors to consider.'

'They offer high yields, are well-balanced across various asset classes, and offer optimal length of tenure and rate of return,' Al Awar stated.

'As we enter our fourth year of business we look forward to reaffirming our status as a comprehensive source of real estate and related services and marketing via our world-class portfolio,' he added.-TradeArabia News Service




Tags: abu dhabi | investment | real estate | success | Tasweek | property portfolio |

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