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TAKtical Realty Group enters into joint venture with UK-based Beaufort International

  • United Arab Emirates: Wednesday, December 20 - 2006 at 10:06
  • PRESS RELEASE

TAKtical Realty Group, a wholly owned Dubai based real estate brokerage and strategy subsidiary of TAKtical International, today announced that it has entered into a joint venture agreement with UK-based Beaufort International, an FSA regulated financial advisory firm, to establish a Real Estate Investment Advisory firm under the name of Beaufort-TAKtical Ltd.

Beaufort International is a London based FSA regulated financial advisory firm with over 10 years experience in advising corporate and high net-worth individuals in international investment strategies. Leveraging Beaufort's stellar reputation and clientele and TAKtical's international real estate investment expertise, Beaufort-TAKtical will provide its European clientele with attractive investment opportunities in developing real estate markets.

"TAKtical and Beaufort have had a longstanding relationship that goes back nearly 10 years and we feel that with the Dubai property marketing maturing, with the freehold laws being more clear and creative financial vehicles such as Real Estate Investment Trusts now being structured, there is an opportunity for us to offer UK and European institutions market research and advice on how to invest in the UAE property market,"


stated Tariq Khan, Co-founder of TAKtical International, who also sits on the Advisory Board of Beaufort International.

In addition to entering into the joint venture, TAKtical International has taken an undisclosed equity stake in Beaufort International through a purchase of shares from an existing shareholder.

Tanvier Malik, Managing Director of Beaufort International, stated "We are happy that after 10 years of working together, we have finally taken our relationship to the next level with this new joint venture entity as well as having TAKtical International become shareholders in our company."
 
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Notes and Media Contacts »

TAKtical International is a global holding company with interests in various industry verticals including media, financial services, real estate, communications and technology. In today's global and increasingly volatile economy, successful businesses have to thrive in a dynamic marketplace. In this environment, passive investments often result in unpredictable returns. To meet this challenge TAKtical International has established a global footprint and various entities to take advantage of the global opportunities that present themselves.

With an international team of over 30 professionals from various backgrounds, nationalities, and industry expertise, TAKtical International is well positioned to take advantage of global opportunities in a vast range of industries on behalf of its clientele. The TAKtical International group of companies have undertaken over USD $1 Billion in corporate finance transactions and represented some of the leading Middle Eastern and International investors.

For press enquiries, please contact:
Didem Turkmen/ Komal Odhrani
Rawaj International FZ-LLC
T: +971 4 3913565
F: +971 4 3913564

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