Balli Real Estate pursues ambitious expansion in the Middle East
Released
on: September 23, 2008, 9:46 am
Press
Release Author: Balli
Group
Industry:
Real Estate
Press
Release Summary: Balli Real Estate raises profile by continuing
to pursue new opportunities in Middle East, as part of $3.5+ billion
of real estate expansion plans
Press
Release Body: Balli Real Estate, the property
investment and development division of Balli Holdings,
is raising its profile in the Middle East as part of a $3.5+ billion
property development and investment portfolio expansion strategy.
Balli
Real Estate is the property investment and development
division of Balli Holdings and has a portfolio of over $3bn under
management. This is comprised of over 900,000 sq ft of property
under development with a gross development value (GDV) of some
$800 million, and an additional 2 million sq ft and a GDV of almost
$2.5 billion in the pipeline.
In
addition to its real estate operations, Balli's
operations extend to steel
trading, commodities trading, logistics, project and trade
finance
solutions.
Balli
Real Estate has already invested in four major residential
and mixed use projects in the UAE, under the Peacock Ventures
brand, with a total of over 1,000 luxury residences. These include
properties in the sought after Culture Village district and the
prestigious Waterfront precinct.
As
part of the drive to expand its portfolio of projects,
Balli is now seeking more real estate investment opportunities
in the region provided by developers, agents and landowners. As
part of this, Balli Real Estate is sending a
senior team to Cityscape Dubai 2008 (6th-9th
October) to identify and review investment and development opportunities
in the region. Balli's representatives are looking forward to
discussing its current and ongoing plans with its existing partners
and to developing new relationships with other leading players
in the real estate industry.
Vahid
Alaghband, Group Chairman of Balli Group commented:
"Balli Real Estate is a business that is growing rapidly
and real estate represents a central pillar of Balli Group's expansion
and diversification strategy. We have found Dubai to be highly
profitable and, as part of the Group's commitment to identifying
and capitalising on lucrative opportunities across a variety of
industries and markets, we will continue to expand Balli Real
Estate's and Peacock Ventures' operations in the Middle East and
beyond in 2009."
Hassan
Alaghband, Director at Balli commented: "CityScape
affords us the opportunity to inform and update the industry on
Balli Real Estate's ongoing and forward looking activities. In
light of the significant returns the Group has enjoyed from our
existing portfolio of investments in the Middle East and the impending
establishment of our Dubai-based property fund, we are looking
forward to using CityScape as a venue to meet with existing and
new joint venture partners, developers, agents and contacts as
well as potential investors wishing to take advantage of the market
opportunities that the region undoubtedly presents."
About
Balli Real Estate
Balli Real Estate is the UK-based, internationally-focused real
estate investment and development subsidiary of Balli Holdings
- and leverages Balli's global presence and local expertise to
underpin its growing Global real estate activities.
About
Balli Holdings
Balli Holdings, established in 1982 and headquartered in London,
is one of the UK's largest privately held multi-national corporations.
Its affiliate companies deliver market leading solutions in industries
that include project and trade finance, commodities
trading, logistics,
risk management, aviation, manufacturing and real estate. Balli
operates through a global network of offices in key economic and
business hubs in over 20 countries.
Web
Site: http://www.balli.co.uk
Contact
Details: Alex Lawrie
PR Contact
Balli c/o
7 Hertford Street
Mayfair
London
W1J 7RH
020 7886 0304
2012
