Qatar PR Network, Online Press Release from qatar and Doha city
 
Banking & Insurance(Banking & Investments)
Filter PR by
  
TFI Acquisition of Income Yeilding Asset in Germany
TFI Acquisition of Income Yeilding Asset in Germany

8 August 2017 – Qatar, Doha -  The First Investor (“TFI”), a subsidiary of Barwa Bank Group and the leading Qatari closed shareholding investment banking firm, recently announced the completion of the acquisition of a prime Stuttgart office property via its TFI Europe Income Fund (“The Fund”). 

Located in Stuttgart and leased to one of the leading German Automotive Groups. This investment is in line with TFI's strategy to identify attractive opportunities in developed markets like Germany and the UK, where it has already made considerable investments.

The Fund, a close ended Shariah-compliant real state fund was recently established by TFI and Inovalis with the focus on investing in the income generating commercial real estate assets in highly lucrative European markets. For the Stuttgart acquisition, the Fund partnered with Inovalis REIT, a Real Estate Investment Trust listed on the Toronto Stock Exchange. The Fund aims to secure another Grade A assets during current year. The acquisition aims also to provide a stable income stream with strong rental growth prospects and it is expected to distribute dividends in the range of 6-7% net to the investors. 

“There are many real estate investment opportunities in Europe these days especially at current Euro/USD exchange rate and relatively inexpensive external financing. However, TFI and its partner cherry pick quality assets with higher return and low risk correlation. Stuttgart asset is but the founding asset in our TFI Euro Income Fund”, said Mr. Houssam Kharbotli, TFI Chief Executive Officer. 

From his part, Mr. Stephane Amine, Chairman of Inovalis SA said: ‘’we are pleased to have partnered with TFI and together we will demonstrate high level of commitment towards achieving excellence in our business practices and partnerships. Inovalis through its wide spread presence in Europe and North America will continue to source quality transactions for benefit of the Fund investors’’.

Posted by : Qatar and Doha City PR Network Editorial Team
Viewed 20431 times
PR Category : Banking & Investments
Posted on : Tuesday, August 8, 2017  10:15:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of QatarPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Meet the FOREO family as they share their top tips for radiant skin during the holy month [19254-Views]
MAC - Prep + Prime Fix + [18302-Views]
Chloé Evokes the Wild Spirit of the Desert In the New “Sierra” Sunglasses [16757-Views]
Do Explore More with Pandora [15264-Views]
Glambeaute.com's Special Ramadan Beauty Packs [15039-Views]
NARS Beauty Report: Alexander Wang Collection One 2018 [14452-Views]
Bath-time Essentials from Corine de Farme [14174-Views]
The Art of Stacking [13473-Views]
Marchon Eyewear New Collections [13403-Views]
Olay Regenerist Microscuplting Cream SPF30 Keeps You Perfectly Protected During the Sunny Summer Mon... [13386-Views]
Holiday hair: The best product to keep your locks smelling fresh and protected [13366-Views]
Marni Launches the New “Pop” Sunglasses [12997-Views]
Marchon Eyewear Summer 2018 Collections [12542-Views]
NEW Mesmerising Oudh Accord & Gold Hand Collection & Bathing Luxuries [11410-Views]
1st Edition of Cannes International Film Festival From May 8 to 19, 2018 [11136-Views]
Skyline Book Fair 2018 [10467-Views]
Celebrate the Moment with Mouawad Jewelry [9938-Views]
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN” [9204-Views]
MARNI Eyewear Collection - Inspired by a vintage style, enhanced by fine materials & refined colors. [8524-Views]
The #1 trick to capturing the best photo at night? The trick is the AI camera in HUAWEI P20 Pro [8323-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories