Tasweek’s USD 250 million property portfolio to generate 5-7 per cent annual yield

TASWEEK Real Estate Marketing & Development, a property adviser and solutions provider in the Middle East, has announced that the USD 250 million property portfolio it will complete by the first or second quarter of 2012 will generate an annual investment yield of 5 to 7 per cent. The properties offer high rewards for initial investors who will be able to avail of flexible options and schemes.

The portfolio buildup began in late 2009 with short- and medium-term objectives focusing on consistent income streams and capital growth. The overall strategy was to form a balanced portfolio with investments in development joint ventures (61 per cent), income bearing assets (23 per cent), and mezzanine funding (16 per cent). The covered segments include hospitality development (30 per cent), residential (43 per cent), commercial (16 per cent), healthcare (4 per cent), and mixed use (7 per cent).  The portfolio is spread in various geographical locations   including Malaysia (29 per cent), Thailand (11 per cent), Morocco (18 per cent), and the UAE (42 per cent). The portfolio tenure is 10 years with an internal rate of return of 25 per cent.

“We are very excited over the conclusion of our fund buildup within the next few months. We have lined up some of the best developments within the world’s top property markets, for investors to consider. They offer high yields, are well-balanced across various asset classes, and offer optimal length of tenure and rate of return. As we enter our fourth year of business we look forward to reaffirming our status as a comprehensive source of real estate and related services and marketing via our world-class portfolio,” said Masood Al Awar, CEO, TASWEEK Real Estate Marketing & Development.

Formed in late 2008 and commencing operations in 2009, TASWEEK Real Estate Marketing & Development has emerged as a respected one-stop shop for property development, service and marketing needs. Its products and services cover Purchase and Sale of Strategic Assets; Asset Management; Joint Ventures and Strategic Alliances; Marketing Consultancy; and Investment Fund Management.