QInvest Appointed Advisor for Constellation's Acquisition of 4 French Assets

Doha, February 26 (QNA) - QInvest, Qatar's leading investment bank, has revealed it will be the sole financial advisor and debt arranger for the $950 million acquisition of four French assets. Investment firm Constellation has appointed QInvest to manage the transaction, which was funded by Aareal Bank and Qatar National Bank, a press release said Tuesday. QInvest's newly appointed CEO Tamim Hamad Al-Kawari said his firm is honored to advise Constellation on such a "prestigious" deal. "The success of this transaction is a testament to the strength of our real estate advisory and financing franchise, and our ability to leverage relationships with regional and international financial institutions to support Qatari clients and projects." "The transaction was also strengthened our ability to partner with Aareal Bank and Qatar National Bank who both demonstrated a strong commitment to the transaction," Al-Kawari added, wishing to continue to work with QInvest's clients "as their advisor and financier of choice." For his part, Mr Craig Cowie, the head of Real Estate Advisory and Investments at QInvest, echoed the excitement of Al-Kawari to conclude the transaction, which took up to 16 months. "We are grateful and pleased at the level of commitment from all concerned parties which made sure our Client could acquire key assets at an opportune time. Our Client should see the value enhanced through a combination of the new operator and refurbishment program," said Cowie. The QInvest shareholder structure includes Qatar Islamic Bank as well as other institutional investors and prominent high net worth individuals from across the region. The platform offers a broad range of expertise, which enables QInvest to deliver services to clients, covering advisory, financing and investment needs. (QNA)