construction begins on hines archstone`s

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For Immediate Release: April 4, 2011
CONSTRUCTION BEGINS ON HINES|ARCHSTONE’S
CITYCENTER DC DEVELOPMENT IN WASHINGTON, DC
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Largest downtown development currently underway in any U.S. city
More than $150 million expected to be generated for DC-based firms
Hines and Archstone lead development team of the $700 million project
Qatar’s Barwa Bank subsidiary The First Investor to coordinate financing through
dedicated TFI U.S. Real Estate Fund; anchor investment secured by Qatari Diar
Design and planning led by Foster + Partners
(WASHINGTON, DC) – The start of construction on the landmark CityCenterDC development by
Hines|Archstone was formally announced today at a groundbreaking ceremony on the downtown
Washington, DC site. In addition, it was announced that 100 percent equity financing has been secured
for the US $700 million project, which is believed to be the largest downtown development currently
underway in any U.S. city. The anchor investor is Qatari Diar Real Estate Investment Company (Qatari
Diar), the real estate investment arm of the Qatari Investment Authority and the financing was put in
place by Barwa Bank’s investment banking subsidiary The First Investor (TFI). TFI will co-invest in
and manage the dedicated TFI U.S. Real Estate Fund.
A joint venture between Clark Construction Group and Smoot Construction of Washington,
DC has been engaged as general contractor. Construction commenced on March 23 and is expected to
reach substantial completion by the fourth quarter of 2013.
Formerly the site of the District’s old convention center, CityCenterDC is a 10-acre, mixeduse development, located in the heart of downtown Washington on a 4.5-block parcel bounded by New
York Avenue, 9th, H and 11th Streets, NW. The first phase of the project is a pedestrian-friendly
neighborhood with more than 185,000 square feet of retail situated at the base of six buildings that
encompass 458 rental apartment units and 216 condominium units; and 520,000 square feet of office
space. The project also includes 1,555 below-grade parking spaces; a new street grid reinstated
throughout the site, and nearly an acre of public open spaces. A second phase of the project is planned
to include a 350-room upscale hotel, along with 110,000 additional square feet of retail.
CityCenterDC’s retail component is designed to attract unique local, regional and
national retailers and restaurants, complementing those already present downtown. The co-tenancy,
street-oriented storefronts and engaging public spaces with seasonal programming are expected to
attract residents, office workers, convention visitors, regional shoppers and tourists.
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In addition to the significant tax revenue generated by a project of this magnitude,
CityCenterDC will provide benefits to District residents in the form of affordable housing, new public
spaces, priority hiring for new jobs created by the development and a commitment to use Districtbased firms for at least 35 percent of all contracts in the design, construction and operating phases of
the project. To date, more than 40 such firms, representing over $20 million in contracts, have
performed on the project. More than $170 million is expected to be added during construction,
representing the inclusion of over 90 additional District-based firms. Several District-based
companies have been given the opportunity to invest and participate in the project’s ownership.
Mayor Vincent C. Gray commented, “This effort has been almost a decade in the making, and
we look forward to the progress that will be made on the site of the Old Convention Center as this last
missing piece of our downtown is redeveloped. I am excited about the more than 190 District
Certified Business Entities that are involved in the planning, design and construction of this project,
and the thousands of construction and permanent jobs that will be created. This is a huge development
for the residents of and visitors to our city.”
CityCenterDC’s master plan design was led by London-based Foster + Partners, the
internationally acclaimed studio for architecture, design and planning, which also designed the office
and residential condominium buildings.
Additional members of the design team include DC-based Shalom Baranes Associates, serving
as associate master plan architect, project Architect of Record and lead designer of the residential
rental buildings. Gustafson Guthrie Nichol of Seattle is the lead landscape architect, working with
Washington, DC-based Lee and Associates.
Principles and strategies for sustainable design systems and technologies have been embraced
by the development team. The entire development has been accepted into the U.S. Green Building
Council’s pilot program for LEED® Neighborhood Development (LEED-ND) and is expected to
receive Gold certification. The office buildings have achieved LEED pre-certification at the Gold
level. The residential buildings are targeting a LEED Silver rating.
Mohammed Al Saad, vice chairman and managing director of Barwa Bank commented, “We
are proud to be sponsoring this landmark development in collaboration with the District of Columbia
and our leading U.S. and international design and development partners to create a new neighborhood
in the heart of Washington, DC. Its ambition, scale and profile are commensurate with its status as
Qatar’s first major real estate investment in the U. S., and one which I believe will mark the beginning
of a long and successful U.S./Qatari partnership in premium real estate investment and development.
Today’s groundbreaking signifies the beginning of a vibrant, multi-purpose community that will
benefit both citizens and visitors of this historic city.”
Mohammed Al Hedfa, group CEO of Qatari Diar commented, “We are delighted to provide
the anchor investment in the TFI US Real Estate Fund. In conjunction with our co-investors and
strategic partners, Hines|Archstone, we look forward to the realization of this landmark development.”
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Hines Founder and Chairman Gerald Hines commented, “It is both a great privilege and a
great opportunity to be able to develop a parcel this large starting with a blank slate. The master plan
for CityCenterDC is designed to welcome pedestrians, to bring neighborhoods together and to be
sustainable for generations. Along with our partners, we look forward to the excitement as this project
takes shape over the next three years.”
Scot Sellers, Archstone's chief executive officer, added: "We are delighted to be a part of the
world-class team that has been assembled to make this exciting project a reality. We have been
working together with the Hines organization and our other partners on this incredible addition to the
Washington DC community for over eight years now, and seeing this come to fruition is very exciting
for all of us. Archstone is the largest owner and operator of apartments in the Washington, DC
metropolitan area, and we are very proud to be adding another marquee location to our portfolio here."
CB Richard Ellis and Tanween WLL are acting as real estate advisors to TFI. Tanween is an
integrated real estate management service provider.
About CityCenterDC
In November 2003, a team led by Hines and Archstone was selected by the District of Columbia to master plan and execute
the redevelopment of the “Old Convention Center Redevelopment Site,” a 10-acre parcel in the middle of downtown
Washington, DC. The project is situated in the heart of downtown’s office core, along a ceremonial stretch of New York
Avenue between the new D.C. Convention Center and the U.S. Treasury and White House. The two busiest stations in the
Metrorail system, providing service on all lines, are located within two blocks of the site. Site access to and from other parts
of the District, Northern Virginia and Maryland is excellent.
The overall objective of the project is to create a unique, pedestrian-friendly, mixed-use urban neighborhood that includes
retail, entertainment, residential and office uses, as well as programmable public space. Project development partners Hines
and Archstone, alongside partner TFI, are committed to create a place that is first and foremost for the District and its
residents, and that will appeal to downtown workers and visitors. The development team will also strive to create a great place
for people, with the highest-quality and innovation in urban design and architecture. Visit www.citycenterdc.com for more
information.
About Barwa Bank
Barwa Bank is the newest Shari’ah bank in the State of Qatar, established in Doha and licensed & regulated by the Qatar
Central Bank. With an authorised starting capital of QR 2.5 billion, Barwa Bank provides a full range of Shari’ah compliant
banking services including retail, corporate and commercial banking, private banking, real estate finance, structured finance,
investments and asset management.
About The First Investor (TFI)
TFI is a leading Shari’ah investment company in Qatar and is regulated by the Qatar Central Bank. A wholly owned
subsidiary of Barwa Bank, TFI is emerging as one of the most respected investment banking firms within the region,
combining Qatari leadership with both international and local expertise to provide dedicated services in Investment Banking,
Asset Management and Real Estate Investment. Through its strong international network of relationships and deep technical
expertise, TFI provides a global approach in helping clients formulate, deliver and manage effective corporate strategies.
Visit www.tfi.com.qa for more information
About Qatari Diar
Qatari Diar Real Estate Investment Company, wholly owned by the Qatar Investment Authority, was established in December
2004 to support Qatar’s growing economy and co-ordinate the country’s real estate development and investment priorities.
Qatari Diar is currently involved in more than 35 projects in more than 20 countries around the world. Visit
www.qataridiar.com.
About Hines
Hines is a privately owned real estate firm involved in real estate investment, development and property management
worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for
third parties includes 1,126 properties representing more than 459 million square feet of office, residential, mixed-use,
industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. With
offices in 106 cities in 17 countries, and controlled assets valued at approximately $23.7 billion, Hines is one of the largest
real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive
experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating
systems. Visit www.hines.com for more information.
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About Archstone
Archstone is a recognized leader in apartment investment and operations. The company's portfolio is concentrated in many of
the most desirable neighborhoods in and around Washington, DC, Los Angeles, San Diego, San Francisco, New York, Seattle
and Boston. Archstone strives to provide great apartments and great service to its customers—backed by service guarantees.
As of December 31, 2010, the company owned or had an ownership position in 436 communities located in the United States
and Europe, representing 78,207 units, including units under construction. Utilizing this tremendous amount of expertise and
institutional knowledge, Archstone now also offers comprehensive advisory services to owners and lenders who want to
maximize the value of their assets through Archstone Real Estate Advisory Services. For more information about Archstone,
visit www.archstoneapartments.com.
CONTACTS
Hines
George Lancaster, Senior Vice President, Corporate Communications
([email protected]) Phone: + (713) 966 7676
Archstone
Peter Jakel, Communications Manager
([email protected]) Phone: + (720) 873 6392
The First Investor
P.R. representative: Citigate Dewe Rogerson
Washington DC: +44 7799 476804
Seb Hoyle
London: +44 (0) 207 638 9571
David Westover / Ged Brumby
Doha: +974 4452 8335
Habib Bacha
PROJECT RENDERING LIBRARY
PROJECT RENDERINGS
Contact Hines/Archstone for further information:
George Lancaster – [email protected]
Peter Jakel – [email protected]
CENTRAL PLAZA AT DUSK
NORTHWEST PARK
CityCenterDC AERIAL
NORTHWEST PARK AT DUSK
RENTAL APARTMENTS 10TH & I STREET
Phase 2 – Hotel & Additional Retail
ue
Parcel owned and developed by
Gould Property Company
ven
rk A
o
wY
Ne
NORTHWEST
PARK
I Street (re-opened)
Office Building
10 stories over 1 retail level
Pedestrian Alleyway
CENTRAL
PLAZA
Images created by Neoscape
OFFICE BUILDING 10TH & H STREET
CityCenterDC SITE MAP
Retail: 185,000 SF ( Phase
at base level, opening onto
avenues, pedestrian paths
public areas
An additional 110,000 SF o
will be developed in Phase
For-Sale Residential Building
9 stories over 2 retail levels
Rental Apartments
10 stories over 1 retail level
H Street
ALLEYWAY RETAIL, OFFICES
ABOVE
Pedestrian Alleyway
9th Street
10th Street (re-opened)
11th Street
Pedestrian Alleyway
For-Sale Residential Building
8 stories over 2 retail levels
Rental Apartments
10 stories over 1 retail level
Office Building
10 stories over 1 retail level
Phase 2 – Hotel & Additional Retail
Parcel owned and developed by others
NORTHWEST
PARK
I Street (re-opened)
Office Building
10 stories over 1 retail level
CENTRAL
PLAZA
Pedestrian Alleyway
Pedestrian Alleyway
9th Street
10th Street (re-opened)
11th Street
Pedestrian Alleyway
For-Sale Residential Building
9 stories over 2 retail levels
Rental Apartments
10 stories over 1 retail level
Office Building
10 stories over 1 retail level
Retail: 185,000 SF ( Phase 1)
at base level, opening onto streets,
avenues, pedestrian paths and
public areas
Rental Apartments
10 stories over 1 retail level
H Street
For-Sale Residential Building
8 stories over 2 retail levels
AT A GLANCE: CityCenterDC
Formerly the District’s old convention center site, CityCenterDC is a 10-acre, mixed-use development, located in the
heart of downtown Washington between New York Avenue and 9th, H and 11th Streets, NW. The first phase of
the project will deliver a pedestrian-friendly neighborhood with more than 185,000 square feet of retail; 458 rental
apartment units and 216 condominium units; 520,000 square feet of office space; 1,555 below-grade parking
spaces; new streets; pedestrian paths; and public open spaces. A second phase of the project is planned to include
a 350-room upscale hotel, along with 109,000 additional square feet of retail. A third phase of the project is being
planned by Gould Property Company, and is expected to include 500,000 square feet of office space and 30,000
square feet of retail.
PROJECT OVERVIEW
Developer
Design Team
Master Plan
Office/Condominium Design
Rental Design/Arch. Of Record
Landscape Design
Retail Design
Foster + Partners /
Shalom Baranes Associates
Foster + Partners
Shalom Baranes Associates
Gustafson Guthrie Nichol /
Lee and Associates
Street-Works / Kenneth Park
Architects
Retail Leasing
Williams Jackson Ewing
Condominium Sales
The Mayhood Company
Hines | Archstone in conjunction with five local firms
PROJECT SCOPE (Phases 1, 2, & 3)
Parcel Size
Retail
Rental Apartments
Residential Condominiums
Office
Hotel
Parking
Public Spaces
Total Expected Investment (Phase 1)
10 acres
325,000 square feet
458 units
216 units
1 million square feet
350 rooms
2,230 spaces
1.5 acres
$700 million
SCHEDULE (Estimated)
Phase 1 (Office, Apartments, Condos, Retail)
Construction Starts
4/11
Substantial Completion
8/13 –2/14
Phase 2 (Hotel, Retail)
Construction Starts
Substantial Completion
2/13
6/15
A WALKER’S PARADISE
• 30-40% of households want to live in
walkable, urban communities
• Less than 20% of housing supply can be
defined as walkable and urban
• CityCenterDC will have a walk score of
98%, “Walker’s Paradise”
SUSTAINABILITY
• The entire development has been
accepted into USGBC’s pilot program for
the LEED Neighborhood Development
certification.
• It is expected to achieve LEED® Gold at
completion.
AT A GLANCE: RETAIL
CityCenterDC’s retail component can be thought of as 325,000 square feet of street-oriented shopping, dining
and engaging public spaces enlivened with seasonal event programming. The center will provide a critical mass of
retailers at a central downtown location, and is designed to attract a compelling mix of local and national retailers
and restaurants to cater to local residents and office workers, draw shoppers from the entire region and attract
tourists and conventioneers. Retailer interest in the project to date has been strong.
SCOPE
Rentable Square Footage (Phases 1 & 2)
Projected Merchandising Mix
Restaurants & Cafés
Fashion Fitness
Specialty
Home Furnishing
Entertainment Grocery
Est. First Tenants
325,000
32%
30%
13%
12%
6%
4%
3%
100%
Fall 2013
CRITICAL PLAN ELEMENTS
• Maximize street-oriented retail
• Pedestrian-friendly
• Abundant, safe, accessible parking
• Attractive, compelling urban space
• Actively programmed public space
SITE ACCESS
• Bounded by 4 major arterials
• 3 parking entrances (Phases 1 & 2)
• 750 public parking spaces
• 1 block from 2 of the region’s 3 busiest
subway stations
• 107,000 daily riders pass through the
subway stations
MARKET NOTES
• District resident demand for retail goods
exceeds supply by more than $600 million
• 125,000 office workers, 7,000 residential
units and 4,500 hotel rooms within five
blocks of site
AT A GLANCE: RENTAL APARTMENTS
The CityCenterDC apartments will respond to the District’s growing demand for well-appointed apartment homes
in walkable locations. With restaurants, shops, major employers and Metro rail stops within a short walk, the
CityCenterDC apartment homes will deliver a unique DC experience. The community’s two buildings, linked by
an enclosed pedestrian bridge, will bring light and views into each home while celebrating the numerous interior
and exterior public spaces and venues. Inside, the apartments will showcase thoughtful features and functional
layouts, including substantial living rooms and open kitchens. Outside of their apartments, residents will have
access to a comprehensive array of services and amenities designed to enhance the daily living experience. Finally,
the Archstone-managed community will reflect the company’s commitment to best-in-class customer service and
convenient technology solutions designed to make apartment living better.
SCOPE
Net Square Footage
385,800
No. of Stories
11 (each building)
No. of rentable apartment homes
Market Rate (80%)
Affordable (20%)
458
366
92
Apartment Mix
81 studios
201 1-bed
37 1-bed with den
116 2-bed
15 2-bed with den
8 3-bed
Average Apartment Square Footage
843
Estimated First Apartments Avail.
Fall 2013
KEY STATS
• 30-40% of households want to live in
walkable, urban communities
• Less than 20% of housing supply can be
defined as walkable and urban
APARTMENT FEATURES
• Full-height windows
• Balconies in select units with sliding or
French doors
• Wood flooring in living, dining, entries
and dens
• European-style cabinetry
• Roller shades on all windows
AMENITIES
• 5,500-square-foot Caliber Sports Club
with yoga room
• Click! Café Internet Lounge with free WiFi
• Business center
• Rooftop swimming pool, lounge and
terrace
• Club room with billiards, comfortable
seating and large screen TV
SUSTAINABILITY
• Expected to achieve LEED® Silver New
Construction certification
AT A GLANCE: RESIDENTIAL CONDOMINIUMS
In addition to responding to the growing demand for walkable, well-appointed living spaces in downtown
Washington, DC, the CityCenterDC residential condominiums will be ideally situated near popular Metro rail stops
and major commuter corridors. The Foster + Partners’ design for the condominiums will reflect each building’s street
location and solar orientation to contribute to an environmental strategy that targets energy savings and improved
indoor air quality. Inside each home, residents will be greeted with substantial primary living areas, custom-designed
kitchens and beautifully designed outdoor spaces that connect to the inside living areas. The interiors will be complemented by an array of convenient services and amenities designed to enhance the living experience of residents.
SCOPE
Net Square Footage241,400
No. of Homes216
Home Mix
102 1-bed, 1-bath
57 2-bed, 2-bath
57 2-bed, 2.5-bath
Average Home Square Footage1,118
Est. First Move Ins
Fall 2013
HOME FEATURES
• Full-height windows and sliding doors
• 9-foot ceilings in primary living areas
• Hardwood flooring throughout the home
• Granite or CaesarStone countertops
• European cabinetry and wardrobes
AMENITIES
• Two large rooftop decks
• Private outdoor terraces
• Media room/lounge with outdoor landscaped terrace
• Banquet-sized dining room with catering kitchen and bar lounge with private
locked wine storage
• Fully equipped fitness facility with Yoga
room and private spa treatment room
• On-site guest suite
• Dedicated on-site indoor parking
SUSTAINABILITY
• Expected to achieve LEED® Silver New
Construction certification
• Designed to maximize daylight and
passive environmental benefits
AT A GLANCE: OFFICE
The two 11-story office buildings designed by Foster + Partners feature functional and efficient floor plans, dramatic
lobbies and a complement of amenities in the heart of Downtown. The buildings offer the target tenants – law
firms, professional organizations and government affairs offices – maximum exposure to natural light, landscaped
roof terraces and inter-building connections via five pedestrian bridges. Property management and leasing services
will be provided by Hines.
SCOPE
Net Rentable Area
Typical Floor Size (NRA)
514,700 square feet
24,800 square feet
Typical Column Spacing
25 x 30 feet (with column-free perimeter offices)
Perimeter Window Line
656 linear feet per floor
per building
Ratio of Glazing to Floor Space
(Typical Floor)
29%
Estimated Initial Occupancy
Fall 2013
NOTES
• DC is the third largest office market in
the U.S.
• DC has the second lowest office vacancy
rate in the U.S. (10.8%)
• DC has the second highest office rents in
the U.S.
• Office sale price per square foot in DC
ranks #1 in the U.S.
• District Office Employment Breakdown:
65% Private / 35% Public
AWARDS & ACCOLADES
• DC is ranked #2 in the world for real
estate investment by the Association of
Foreign Investors in Real Estate in 2011
(Ranked #1 or #2 in the U.S. since 2006)
SUSTAINABILITY
• Pre-certified LEED® Gold Core & Shell
About BARWA Bank
BARWA Bank is the newest Shariah compliant financial services group in Qatar, licensed and regulated by the Qatar Central Bank.
With an authorised starting capital of QR 2.5 billion (US$ 685 million), BARWA Bank provides a full range of Shariah compliant
banking services including retail, corporate and private banking, real estate finance, structured finance, investments and asset
management.
BARWA Bank’s aim and vision is to build an all-inclusive ‘Universal Islamic Banking Group’ that completely recreates the banking
experience in Qatar, exceeding all current standards of customer service.
History
BARWA Bank announced the initial launch phase of its banking services in Doha in October 2009, offering current, savings and fixed
deposit accounts to customers and providing convenient access to banking services via ATM, mobile phone banking, e-banking and
24 hour customer call centres.
At the launch, BARWA Bank also announced that it had been appointed as Mandated Lead Arranger by Qatar Diar Real Estate
Investment Company, the leading Qatari real estate developer and investment firm, to provide QAR 500 million as part of a QAR 4
billion Shariah -compliant syndicated facility to help finance European investments.
In January 2010, it was announced that BARWA Bank had acquired The First Investor (“TFI”), signalling a major step in the creation
of a “Universal Islamic Banking Group” and combining resources in retail, corporate, private, treasury and investment banking
operations.
Most recently, BARWA Bank’s shareholders approved the acquisition of a minimum of 75% (and maximum of the entire capital) of
First Finance Company (Q.S.C) and First Leasing Company (P.S.C) in July 2010. The acquisition is consistent with BARWA’s goal
of growing its consumer finance, retail, commercial, asset management and private client banking platforms, and forms the successful
next step in its strategy.
Recent Industry Awards – Barwa Bank
In March 2011, Barwa Bank received an award for “Best New Retail Finance Product” at the Banker Middle East Industry Awards
held in Dubai. The award recognised Barwa Bank’s home finance product, which was launched earlier this year.
Last year BARWA Bank and The First Investor QSCC celebrated at the Banker Middle East Product Awards, held in April 2010, for
the “Best Retail Marketing Campaign” and “Best Islamic Investment House” respectively.
This accolade was swiftly followed in June 2010, when BARWA Bank won “Best New Bank”, at the Banker Middle East Industry
Awards 2010.
These awards recognise the exceptional standards of banking and service that BARWA Bank set out to achieve, and reinforce the
levels of service, innovation and choice that BARWA Bank has made available to its growing customer base.
Barwa Bank has also secured the ISO/IEC 27001:2005 certification, which is the world’s highest accreditation for information
protection and security.
Further information can be found at:
http://www.barwabank.com
The First Investor QSCC: History & Background
The First Investor QSCC (TFI) is a Qatari based investment company dedicated to providing value added Shariah compliant Real
Estate Investment, Investment Banking and Asset Management services to institutional and high net worth individual in Qatar and
the GCC region. TFI is regulated by the Qatar Central Bank and is wholly owned by Barwa Bank.
Since 2006, TFI has built a strong track record in arranging, structuring, managing and advising on mergers, acquisitions,
divestments, joint venture partnerships, private equity deals and investment funds, in both real estate and non-real estate related
assets.
TFI’s commitments to apply the principles of Shariah and measuring organisational and financial achievements and contributions
to the development of society as a whole instil a culture of social responsibility throughout its organisation. Upholding the highest
moral, ethical and professional standards, applying best practice corporate governance processes, and adhering to legal and
regulatory requirements, gives rise to integrity and excellence in all spheres of the organisation.
TFI’s overriding strategy is client centric. By nurturing deep and long term relationships TFI aims to create and package bespoke
and tailored investment products and services anticipating and addressing the requirements of our clients and achieving their
goals.
TFI’s most important asset is its people. Under the helmsmanship and guidance of its founding members and senior management,
the organization has striven to build a culture of creativity, diversity, teamwork, diligence and excellence at all levels of the firm.
By instilling professionalism and aligning incentives for key decision makers, TFI differentiates itself from other firms in the
region.
Further information can be found here:
http://www.tfi.com.qa/
Business Services:
1. Real Estate Investments
TFI is a preferred real estate investment advisor, arranger, structurer and fund manager for leading Qatari and other Gulf based
investors. Through its strong international network of relationships, and deep technical expertise, TFI provides global reach to its
clients in helping them formulate, deliver and manage their real estate investment strategies.
TFI has built a deep and far reaching track record in sourcing and executing global real estate transactions and partnering with
world class investment partners and services providers. Today, TFI is achieving direct real estate deal volumes approaching US$
1 billion per annum, and is sponsoring and originating US, European and BRIC focused real estate funds worth US$ 2 billion.
Transactions – originating, appraising, financial structuring, negotiating and executing on deals involving investments in
real estate portfolios, income generating assets, green field developments, value added and distressed opportunities.
Fund Management – originating, establishing, sponsoring, financial structuring, capital raising and managing real estate
funds focusing on assets in Qatar, the GCC region, US, Europe and BRIC economies.
Advisory – providing focused and specialist real estate investment advice on a range of mandates including investment
strategies, portfolio management policies, feasibility studies, and oversight of investment and asset management activities.
2. Investment Banking
TFI’s Investment Banking team, with its experience in regional and global markets, not only provides mature and growing
institutions with a broad range of financial solutions and services, but also has a strong record in supporting “Start-Up” operations.
The Investment Banking team provides expertise in the following areas:
Advisory Services – providing a broad range of advisory services supporting the attainment of the strategic goals of our
clients including: finding strategic partners, acquiring or merging with other companies, disposals, equity carve-outs or spinoffs, and joint ventures.
Mergers & Acquisitions – identifying, structuring and executing mergers, acquisitions and divestitures for corporations,
financial institutions and governments (sell and buy side). Providing clients with a broad range of opportunities in Qatar and
in the wider GCC region.
Direct & Strategic Investments – unparalleled experience and access to substantial deal flow in Qatar and GCC;
investment bank of choice for blue-chip private-equity clients. Working towards establishing a fund platform offering a
portfolio of direct equity investment products using innovative and differentiated investment strategies (e.g. pledge fund,
activist fund etc.)
Equity Capital Markets – market leader in equity capital market transactions; successful track record in private placements,
initial public offerings and secondary offerings.
2. Asset Management
The Asset Management Division of TFI supplies innovative wealth management solutions to high net worth individuals and
financial, corporate, charitable and government institutions through the discretionary management of highly customised portfolios.
TFI’s highly experienced and expanding Asset Management team constructs products and portfolios to serve the diverse
investment goals of its client base.
TFI Asset Management offers discretionary portfolio management services and advisory services to investors. It is also in the
process of launching regional funds and fund of funds services.