Kuwaiti Markaz closes key US, EU real estate sales transactions

  • Date: 24-Nov-2020
  • Source: Zawya
  • Sector:Real Estate
  • Country:Kuwait
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Kuwaiti Markaz closes key US, EU real estate sales transactions

Kuwait-based Markaz, one of the leading asset management and investment banking institutions, said it has successfully completed a series of sales transactions from its real estate portfolio across the US and Europe under its International Real Estate Investment programme. Markaz's programme delivered a solid performance in 2020 netting healthy returns for its clients despite the challenges of the Covid-19 pandemic, thus confirming its position as a leading asset manager in the region. Building on this success, and on the expertise of its team, Markaz is purposefully expanding its real estate investment program in these international markets, remarked Abdullatif W. Al-Nusif, Executive Vice President, Wealth Management & Business Development at Markaz."We are very pleased with the performance of our real estate investments across the US and Europe. This year represents another milestone for the program's success and our capability to achieve attractive returns despite continuing uncertainty across all markets and sectors," he noted."Our competitive edge comes from having a fully operational office in the USA for over 30 years, with its highly experienced team building and proactively leveraging our strategic partnerships with leading partners," stated Al Nusif."At Markaz, we remain focused on expanding our portfolio in existing and new markets across