News

QInvest buys land in North Carolina

Charlotte, North CarolinaQatar-based investment firm QInvest has acquired a plot in Charlotte, North Carolina in partnership with a Gulf-based investor. The land is being developed into a 200-unit apartment complex with completion expected in August next year. “Since 2006, there has been a marked decline in home ownership in the US and cyclical and structural trends have led to an ever-growing demand for multifamily space,” said Craig Cowie, head of real estate at Qinvest. Multifamily developments, such as apartment blocks, combine separate housing units within one complex. “In the last five years, the number of individuals renting property has increased by 5 million while the number of homeowners has fallen by 900,000,” he added. “The long-term growth prospects for the multifamily sector are therefore very promising, and we expect the market will remain undersupplied as a growing domestic population continues to fuel demand.” Bainbridge Companies is developing the project. ©2017 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.