20/11/2017 05:57 AST

QInvest, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced the successful exit of a real estate mezzanine murabaha transaction in the US. The transaction, backed by a diversified portfolio of 17 assets, generated an IRR (internal rate of return) of 14.9 percent (representing a 1.23x multiple) over 20 months.

Tamim Hamad Al Kawari (pictured), Chief Executive Officer of QInvest, said: “While 2017 has been notable for adverse market conditions in the region, QInvest has witnessed continuing investor appetite for the international real estate sector, with particular interest in the US market. A return of almost 15 percent over 20 months reflects a strong return for a mezzanine transaction given the conservative level of risk.”

“Across the year, we have seen strong performance within our Real Estate division demonstrating the sustainability and resilience of our business strategy and professionalism of our team. We will continue to invest in key global markets on an opportunistic basis as we focus on delivering sustainable value for clients and shareholders.”

Craig Cowie, Head of Real Estate Investments & Advisory at QInvest, said: “The real estate market continues to be a strategic priority for QInvest. As part of our strategy of originating new investment opportunities, across both the debt and equity segment, we have closed several real estate transactions this year. The latest is the mezzanine murabaha of a diversified portfolio of 17 US assets.”

“Since inception, the Real Estate division has invested over $1bn of QInvest’s balance sheet and advised on transactions with an aggregate value of over $4bn. We are committed to providing effective financing solutions for real estate transactions in Qatar and in international markets, such as Continental Europe, UK and the US.”

Since the beginning of the year, QInvest’s Real Estate team has completed the acquisition of two real estate assets in the United States, both as part of the bank’s US multifamily residential investment strategy. The team also made investments in Spanish and Scottish development assets. In 2017, QInvest fully exited the St Edmund Fund, an investment in a prime real-estate development in Central London, which delivered a realized net return of 22 percent, and is finalizing a forward sale of a redevelopment project in Luxembourg, which is anticipated to net an over 2x equity multiple upon completion.

Al Kawari added: “Alongside our achievements within the real estate sector, and in response to the growing investor demand for more innovative and income-generating products, we have successfully launched the second version of our QInvest SQN Income Fund. This series of products offers shareholders and investors a unique opportunity to access income generating assets in developed markets. The first version of these funds was oversubscribed. It aims to pay out a net yield of 7 percent per annum on a monthly basis and has a targeted IRR of between 8 percent and 9 percent, with a tenure of 5 years. We also have a strong track record in managing funds via our managed account platform QMAP, as well as managing local equity funds Currently, we are developing a series of attractive products, including those targeting local investment opportunities, that we plan to announce in coming months.”


The Peninsula

QINVEST records $858m of completed exits

13/06/2018

QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced the successful exit of a real estate mezzanine murabaha tr

The Peninsula

QINVEST records solid revenues for 2017

26/02/2018

QINVEST, Qatar’s leading private investment group and one of the region’s most prominent Islamic financial institutions, yesterday announced its end of year results for 2017.

Revenues from

The Peninsula

QInvest participates in QU’s annual Finance & Economics Day

30/11/2017

The College of Business & Economics at Qatar University hosted QInvest, Qatar’s leading private investment group, as part of its annual Finance and Economics Day.

The event was held under th

The Peninsula

Ticker Price Volume
Ticker Price Change
FOOD 0.00 0.00 (0.00%)
Bahrain's Investcorp records $165m loss for 2019-20 financial year

06/08/2020

Bahrain’s Investcorp slipped into a $165 million loss for the 12 months ended June 30, against profits of $131 million a year ago.

The COVID-19 played its part in the loss, as fee income c

Gulf News

Aramex's revenue surges 4pc to $359m in Q2

06/08/2020

Aramex, a leading provider of logistics and transportation solutions, has registered a 4 per cent growth in its revenues for the second quarter which surged to hit AED1.32 billion ($359 million), com

Trade Arabia

Abu Dhabi's Waha Capital trims first-half 2020 attributable losses to Dh27.2m

05/08/2020

Abu Dhabi based investment company Waha Capital recorded a net loss of Dh27.2 million - attributable to shareholders - for the first six months of 2020, an improvement on the Dh124.38 million it rec

Gulf News

FAB issues Formosa bond globally

05/08/2020

First Abu Dhabi Bank (FAB), recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25 billion five-year issuance.

The Gulf Today

Etisalat to pay out Q2 interim dividends from August 11

05/08/2020

UAE's leading telecom services operator Etisalat Group has announced that the interim dividend of 15 fils per share for the second quarter will be paid out starting from August 11 through the First A

Trade Arabia