Wednesday 16 June 2021

Kuwaiti Markaz closes key US, EU real estate sales transactions

KUWAIT CITY, November 21, 2020

Kuwait-based Markaz, one of the leading asset management and investment banking institutions, said it has successfully completed a series of sales transactions from its real estate portfolio across the US and Europe under its International Real Estate Investment programme. 
Markaz's programme delivered a solid performance in 2020 netting healthy returns for its clients despite the challenges of the Covid-19 pandemic, thus confirming its position as a leading asset manager in the region. 
Building on this success, and on the expertise of its team, Markaz is purposefully expanding its real estate investment program in these international markets, remarked Abdullatif W. Al-Nusif, Executive Vice President, Wealth Management & Business Development at Markaz.
"We are very pleased with the performance of our real estate investments across the US and Europe. This year represents another milestone for the program’s success and our capability to achieve attractive returns despite continuing uncertainty across all markets and sectors," he noted.
"Our competitive edge comes from having a fully operational office in the USA for over 30 years, with its highly experienced team building and proactively leveraging our strategic partnerships with leading partners," stated Al Nusif.
"At Markaz, we remain focused on expanding our portfolio in existing and new markets across the US and Europe. The current market conditions have and will continue to create, if well-selected, exciting opportunities," he said. 
Capitalizing on the partnerships we have built with leading partners, service providers and lending institutions over the past 30 years, we are amplifying our existing development program in the US, and very similarly in Europe, expanding into Poland, Germany and the Netherlands, stated the official. 
"In a parallel strategy, the team is currently assessing the landscape for sectors that have been temporarily impacted by the Covid-19 pandemic, but which have enduring future potential, such as hospitality," he added. 
Deena Y. AlRefai, the senior VP, Investor Relations at Markaz, said: "The International Real Estate Investment program reflects Markaz’s consistent success in creating value for its stakeholders, through its well-designed, innovative investment solutions, steeped in five decades of hands-on experience."
"A solid track record has increased investor appetite, which Markaz sees increasing with each new transaction and product launch. Having the well-earned trust of investors and other stakeholders is key to Markaz’s ability to realize healthy returns from the program," she added.-TradeArabia News Service


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