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Markaz executes $2.4bn real estate projects in US, Europe

KUWAIT CITY, June 29, 2024

As the global real estate landscape continues to evolve, Kuwait Financial Centre (Markaz) is slowly emerging as a leader in the international real estate sector with the successful execution of more than 95 projects worth over $2.3 billion since the beginning of its real estate activity spanning various markets and property types in the US and Europe. 
 
Markaz continues to demonstrate excellence in delivering value to investors through a blend of expertise, strategic partnerships, and innovative approaches.
 
"Our five-decade legacy positions Markaz as a trusted advisor, leveraging our global network to identify and capitalize on value-accretive opportunities," remarked Sami Shabshab, President of Mar-Gulf Management Inc., the international real estate arm of Markaz. 
 
"We maintain a dynamic investment strategy, constantly evaluating market trends to identify the sectors with the most compelling opportunities. We remain fundamentally optimistic on the long-term prospects of the logistics sector, even amidst a more challenging macroeconomic backdrop," he stated.
 
Shabshab said the ongoing growth of e-commerce, coupled with the strategic realignment of global supply chains and the resulting surge in warehousing needs, presents a compelling investment opportunity. 
 
"This confluence of trends creates a 'tripartite demand structure', characterized by robust and sustained demand, outpacing a relatively constrained supply, a dynamic that is likely to persist for the foreseeable future," he noted.
 
Recognizing the evolving lending environment, Markaz is strategically expanding its focus on structured debt solutions. 
 
By providing tailored financing solutions, Markaz unlocks value in complex situations, creating attractive investment opportunities previously inaccessible to traditional lenders. 
 
This approach complements Markaz’s existing capabilities in acquisitions, development, and asset management, offering a comprehensive suite of real estate investment strategies, he added.
 
According to him, Markaz is committed to further strengthening its network of strategic partners. 
 
These partnerships amplify expertise, unlock access to new deal flow, and enhance Markaz’s ability to capitalize on emerging opportunities. Building on its successful track record, the Kuwaiti group seeks to collaborate with best-in-class developers, investors, financial institutions, and government entities. 
 
Leveraging these valuable relationships, Markaz has gained access to prime opportunities and forged alliances that drive growth and innovation in the industry. 
 
Over the past 12 months, the company has executed strategic real estate exits, generating positive returns for its investors amid a backdrop of global economic volatility. “Our meticulous planning, diligent execution, and unwavering focus on value maximization have resulted in solid internal rates of return (IRR) on these transactions,” said Sami Shabshab. 
 
"We are proud of our ability to strategically time exits to optimize returns for our clients, as demonstrated by our recent successful exits from key industrial assets, generating a total exit value of $235.5 million," he stated.
 
Abdullatif W. Al-Nusif, Managing Director of Wealth Management & Business Development at Markaz, said: "Markaz sets itself apart with a relentless focus on client relationships and value creation. Our deep-rooted expertise in the US and European markets, bolstered by strategic alliances, allows us to navigate market fluctuations effectively and consistently deliver solid returns."
 
"The wealth management team collaborates closely with the international real estate team to identify lucrative opportunities that align with clients’ goals, thereby optimizing their investment portfolios, driven by innovative investment solutions honed over fifty years. This synergy underscores Markaz's commitment to crafting tailored solutions that effectively meet client needs," he added.



Tags: US | Europe | Markaz | real estate projects |

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