Constellation appoints QInvest as sole financial advisor for acquisition of four French assets totaling $950m
- Qatar: Tuesday, February 26 - 2013 at 15:15
- PRESS RELEASE
Constellation appointed QInvest, Qatar's leading investment bank, as sole financial advisor and debt arranger for the $950m acquisition of four French assets.
Commenting on this transaction, Mr. Tamim Hamad Al-Kawari, the newly appointed Chief Executive Officer of QInvest, said: "QInvest is honoured to have advised Constellation on this prestigious transaction. The success of this transaction is a testament to the strength of our real estate advisory and financing franchise, and our ability to leverage relationships with regional and international financial institutions to support Qatari clients and projects."
"The transaction was also strengthened our ability to partner with Aareal Bank and Qatar National Bank who both demonstrated a strong commitment to the transaction." Mr Al-Kawari added.
Mr Al-Kawari concluded saying: "We look forward to continually work with our clients to provide investment opportunities, working alongside them as their advisor and financier of choice".
Mr Craig Cowie, Head of Real Estate Advisory and Investments at QInvest, commented, "we are excited to have concluded this transaction which took approximately 16-months to close from inception. We are grateful and pleased at the level of commitment from all concerned parties which made sure our Client could acquire key assets at an opportune time. Our Client should see the value enhanced through a combination of the new operator and refurbishment programme."
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