2008-03-09

RealCAPITA Participates in MIPIM

RealCAPITA, Bahraini real estate firm has announced the participation in MIPIM world property market, sponsoring exclusively the panel discussion for "Alternative Real Estate Investment" on 12th, March, 2008 at CANNES, France.

"For the 3rd time we are pleased to announce the continuous of our participation in MIPIM, as we strongly believe in the significance of the foreign real estate market growth in the region" said Mr. Mohammed Al Tawash, Vice Chairman and President of RealCAPITA.

"The real estate market in the MENA - especially the GCC- has enjoyed a healthy growth cycle over the last few years. As a result, many analysts and observers have warned that the boom has reached its peak and the sector now going to go through an adjustment. Wither this is true or not, its quite normal that as the regional market approach maturity and shrink the supply demand gap, they will experience a decline in yields in main stream assets. Many regional developers have started to consider alternative assets along with their typical dose of mainstream assets" he added.

The panel will discuss and focus in the future outlook of alternative assets and wither it´s a sign that MENA is transitioning to a new era of maturity and stability. Alternatives investment properties such as: Industrial and logistics, health care, theme parks, infrastructure (ports and cargo handling), senior housing, affordable housing and REIT (real estate investment trust).

Functioning as a global market place, MIPIM provides a unique opportunity for industry decision-makers to meet, develop long-term relationships and showcase their latest development projects. More than 26,000 participants for more than 2000 Exhibiting company will be in the coming MIPIM.

Other speakers will be joining Mr. Al Tawash are: Sara Al Nassar Chairman and Managing Director of Diyar Real Estate (Kuwait), Mr. Fayrooz Kapadia the Investment Manager of Sorouh Real Estate (UAE), Mr. Yaser Hamad Executive Director of Al Salam Bounian (Qatar), and Mr. Kareem Amor a Board Member in Jet Group (Morocco).

MIPIM is a leading global real estate forum, held from 11th to 14th, March, 2008, brining a unique opportunity for decision- maker to meet, providing a chance of a long term relationships between 6500 investors joining this year from 83 countries.

RealCAPITA, Bahraini real estate investment firm, established in February 2006, with an authorized paid-up capital of US$65.16 million, is developing many projects across the Region, Europe and Southeast Asia.