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In addition, 7CI will be relocating its head office in London from its current 2,300 square foot premises to a new 4,000 square foot office on level 32 of its current building - 25 Canada Square, Canary Wharf in London on the 10th December 2008.
Alistair Powell, founder and Chief Executive of 7CI, says:
"The expansion of our London office signals our continued success towards being the market leader for tangible investments around the globe. The move of our Middle Eastern operations to the new offices on the "Champs Elysees" of Panama City, signals a significant shift in global market trends and our rapid ability to adapt and keep abreast of continued developments."
Powell adds, "We have been seeing investors moving away from Europe and the highly saturated parts of the Arabic market and focusing more on locations which offer strong deliverable yields and not reliant on hypothetical capital growth."
"Markets which previously performed well have now become difficult for new investors to enter. For example, we believe the market in Dubai has softened significantly in contrast to its neighboring markets which have opened up due to lower costs of entry including Ras Al Khaimah and Qatar," he says.
"It is very important to now cross-reference our global plans with the market dynamics and adapt as quickly as possible to ensure that our clients are always presented with the best opportunities," Powell points out.
"We have a number of projects in the pipeline at present and four of these are what I would classify as a once in a lifetime opportunity to own some of the best real estate on the planet. These projects are currently signed and sealed and awaiting launch," concludes Powell.
7CI advises investors that due to the London office move on the 10th December, there may be some telecommunications interruptions while providers are transferred. However, the 7CI Concierge service will remain unaffected.
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Posted by Siba Sami Ammari
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