Sunday 8 December 2019

Berkeley Assets picks new Mideast distributor

DUBAI, February 11, 2018

Berkeley Assets, a multi-asset company with investments in real estate, hospitality, logistics and technology, has appointed FBMM as its exclusive distributor for the Middle East and Far East, extending its existing European agreement to cover all geographical markets throughout the world.

The partnership means that independent financial advisors with clients interested in placing capital with Berkeley Assets can do so directly and exclusively through FBMM, an industry leading distributor which offers bespoke recommendations following robust due diligence.

Berkeley operates more than 150 businesses, helping property developments, hospitality concepts and emerging businesses thrive. All underlying assets of the business are located in the UK and US.

The company’s portfolio of properties spans multiple sectors and includes existing and new-to-market assets in some of the world’s most sought-after locations in the UK and US.

FBMM will continue to focus attention on key markets in Europe such as Switzerland and Monaco, and will now direct attention to the GCC and the Far East, including major financial hubs such as the UAE, Hong Kong, Singapore and Japan.

Commenting on the new agreement, Mike Clark, a partner at Berkeley Assets, said: "This is a major step forward in the development of our business because this partnership means we can reach a far wider scope of potential clients through FBMM’s distribution channels."

"We believe our proven track record reinforces our reputation for delivering consistent results in a credible way, and this new partnership will extend our reach.  Our mission is to continue developing a varied portfolio of existing assets and new, innovative concepts, which create strong yield potential for our clients," he added.

James Hazell, a senior representative of FBMM, said: "As third-party distributors, we sit between the institutions and advisors in order to provide quality solutions which serve the demands of the market globally."

"We aim to give advisors the tools to grow their businesses and more importantly, satisfy the needs of their clients," he stated.

Dubbing the agreement with Berkeley Assets as a significant one, Hazel said: "Our team of hand-picked advisors are excited to work on this simple, proven business model throughout the world."

Berkeley Assets’ aim is to continue to develop a diversified portfolio of existing and new to market concepts and businesses as part of a low-risk, yield-based strategy, he added.-TradeArabia News Service

Tags: hospitality | Middle East | real estate | Distributor | Berkeley Assets |

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