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 16579 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
NEW Peptide4 Night Recovery Cream-Oil [50131-Views]
The Power of Pro-Collagen [47749-Views]
Nailgrowth® Miracle Serum From Sally Hansen [37782-Views]
Make Room for Play and Celebration With IKEA During Dubai Design Week [36576-Views]
Time for Some AIGNER Love [35625-Views]
A Chat With Mr. David Benedek, the man behind BDK Perfumes. [32009-Views]
SOUQ ramps up operations ahead of White Friday Sale [31176-Views]
SOUQ Customers Enjoyed Biggest Regional Online Shopping Event in Record-Setting White Friday 2017 [26638-Views]
SUC signed MOU with Waldorf Astoria Ras Al Khaimah [25527-Views]
UAE National Day celebrated in Skyline Carnival 2017 [25047-Views]
LG bets high on Premium TV Market with industry leading OLED Technology [24690-Views]
Skyline Conducted Women of Substance: A Panel Discussion on Women Empowerment [23919-Views]
SUC conducted Tour Guide Training Program for SCTDA [23427-Views]
SUC Conducted the 10th CEO Lecture Series [23132-Views]
Dubai Wins Red Diamond Award for World's Greatest New Year's Celebration! [21541-Views]
Skyline Signed MoU with Jaipuria Institute Management [20467-Views]
Michael Kors Presents Spring 2018 Jewelry [20238-Views]
9th Skyline Inter-School Sports Festival [19135-Views]
The Penhaligon's Trade Routes Collection [16482-Views]
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6 countries; Crossing... [12234-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories