RealCAPITA, Bahraini investment real estate firm, has announced today the start of constructions at RealFRANCE site, located in Saint Julien En Genevois, in Southeast France with a total cost of ₤70 million.

“Proudly as we stand today with our partners to announce the inception of RealPALAIS residential project, wishing to continue the success till the end” said Mr. Mohammed Al Tawash, Vice Chairman and President of RealCAPITA.

“This step will sure be added to the success we have achieved in the short period since the announcement of RealFRANCE Company, that will place us in a prime position where we can achieve the targets of our shareholders and clients” he added, “We are heading in the right direction at the perfect pace to pursuit the growth and targets”.

“One of the main reasons to chose France is because it is considered as one of the fastest growing real estate and development markets, besides the diversification we have in RealCAPITA in providing creative investment solutions for our clients.

(In the picture: Mr. Mohammed Al Tawash, Mr. Mohammed Al Dossery a Board Member and member in the Investment Committee, and Mr. Qais Al Maskati Executive Vice President of RealCAPITA, with the local partner Mr. Bayan Giltsoff. 

RealPALAIS is a residential development consists of 11 buildings, holding more than 180 housing units, with a mixture of the old fashioned and modern scenery, which is based on the old Chaetae conversion style. Units are available in Single and Duplex, bedrooms range from 2 to 4 bedrooms.

The special about this development is the proximity to Lake Geneva in Southeast France, and the France-Swiss border with a distance of less than 7km from the City of Geneva.

RealPALAIS is being developed on an area of 40,000 sqm and the launch of units will be by this Second quarter of the year, to hand over the keys to buyers by 2010.

RealCAPITA, the main developer of RealPALAIS, is a Bahraini specialized investment real estate firm, established in February, 2006 with an authorized paid-up capital of US$65 million, aiming to develop signature developments across MENA, region, and Europe.

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