2006-06-18
RealCAPITA launches RealLANDS and signs a strategic partnership agreement with Injaz MENA Investment Bank
A strategic partnership agreement has been signed between Injaz MENA
Investment Bank represented by H.E. Mr. Ahmed Bin Ali Al
Daheri,(Vice Chairman & Managing Director) and RealCAPITA
represented by Mr. Mohammed Al Tawash (Vice Chairman & President)
RealLANDS is a Bahrain-based company that has been engaged in acquiring plots of lands across the Kingdom of Bahrain and the MENA region. RealLANDS intends to have a paid-up capital of US$ 50 million with a targeted annual IRR of 20%.
RealLANDS is seeking to raise up to US$ 45 million by means seeking private investors to subscribe to 4.5 million shares. The subscription represents 90% ownership of the total issued shared capital of RealLANDS while RealCAPITA will invest the remaining 10%. Injaz MENA Investment Bank, a strategic partner, has committed 50% of the offering. RealLANDS other strategic partner is the Saudi based Gulf Amwal.
Mr. Al-Adaheri focused on the value of the partnership established with RealCAPITA by saying, " RealCAPITA´s management historical track record in identifying potential real estate investment opportunity shall excels RealLANDS performance."
RealCAPITA which is the newly established real estate investment house in Bahrain with an authorized capital of US$ 200 million and a paid up capital of US$ 54 million. RealCAPITA´s focuses on penetrating the emerging real estate market within the GCC and the MENA region. This is to ensure the ability of providing it´s investors with a dynamic and comprehensive real estate products.
Mr. Mohammed Al-Tawash commented that "RealLANDS aims to be benefit from the recent surge in land values mainly in Bahrain and across the region. Bahrain, for example, offers an attractive environment for RealLANDS considering the strong demand for residential properties coupled with a limited land area. RealLANDS intends to primarily focus on commercial and residential lands located in central business districts, and suburban locations. Land plots within close proximally to major developments currently under way are also considered attractive to RealLANDS."
In a world of rising land values, RealLANDS stands out as a venture with a clear and focused strategy that taps into a growth sector. RealLANDS will provide small and medium investors with access to an attractive asset class that carries obvious capital-protection features.
RealLANDS is a Bahrain-based company that has been engaged in acquiring plots of lands across the Kingdom of Bahrain and the MENA region. RealLANDS intends to have a paid-up capital of US$ 50 million with a targeted annual IRR of 20%.
RealLANDS is seeking to raise up to US$ 45 million by means seeking private investors to subscribe to 4.5 million shares. The subscription represents 90% ownership of the total issued shared capital of RealLANDS while RealCAPITA will invest the remaining 10%. Injaz MENA Investment Bank, a strategic partner, has committed 50% of the offering. RealLANDS other strategic partner is the Saudi based Gulf Amwal.
Mr. Al-Adaheri focused on the value of the partnership established with RealCAPITA by saying, " RealCAPITA´s management historical track record in identifying potential real estate investment opportunity shall excels RealLANDS performance."
RealCAPITA which is the newly established real estate investment house in Bahrain with an authorized capital of US$ 200 million and a paid up capital of US$ 54 million. RealCAPITA´s focuses on penetrating the emerging real estate market within the GCC and the MENA region. This is to ensure the ability of providing it´s investors with a dynamic and comprehensive real estate products.
Mr. Mohammed Al-Tawash commented that "RealLANDS aims to be benefit from the recent surge in land values mainly in Bahrain and across the region. Bahrain, for example, offers an attractive environment for RealLANDS considering the strong demand for residential properties coupled with a limited land area. RealLANDS intends to primarily focus on commercial and residential lands located in central business districts, and suburban locations. Land plots within close proximally to major developments currently under way are also considered attractive to RealLANDS."
In a world of rising land values, RealLANDS stands out as a venture with a clear and focused strategy that taps into a growth sector. RealLANDS will provide small and medium investors with access to an attractive asset class that carries obvious capital-protection features.