RealCAPITA announces the Successful Investment Exit for the Wind Tower
In
this occasion Mr. Mohamed Al-Tawash the Vice Chairman and President
said: "RealCAPITA has bought the unoccupied building on the 2006 and
it could be able successfully to 100% occupied it, which achieved
lucrative returns during the period of the building owned. The Tower
good management has yielded full occupancy which Contributed to
facilitate the investment exit.
"This investment existing
based on a RealCAPITA´s policy to relocation of assets and operated,
RealCAPITA is seeking to diversify the company's real estate
investments, which are characterized by distinct strategic locations
spread in many world capitals" Mr. Al-Tawash added.
The wind Tower is located at the entrance of the diplomatic area; it´s
readily accessible from all parts of Bahrain. This eleven floor deluxe
office building was owned by RealCAPITA on the beginning of 2006, and
it´s include office suites that start from 138sqm offers all the
specifications needed to create the perfect office location and it is
consist of an elite of companies and banks including RealCAPITA office.
AREIT
is the first real estate investment trust to be established in the GCC
and AREIT´s primary focus is investing in development and specialized
properties in prime locations throughout the GCC.
AREIT specialized
in Income Generating Properties and it´s providing the perfect blend of
local market knowledge and global investment experience.
RealCAPITA, Bahraini real estate investment firm, established in 2006,
with an authorized paid-up capital of US$65 million, is developing many
projects across the Region, Europe and Southeast Asia.