Sunday, November 12, 2017

Berkeley Assets sets up regional HQ in Dubai

Berkeley Assets, a multi-asset company with investments in real estate, hospitality, logistics and technology, has established its Middle East and North Africa (Mena) headquarters in Dubai to drive the strategic growth of business throughout the region.

Its portfolio of properties spans multiple sectors and includes existing and new-to-market assets in some of the world’s most sought-after locations, including central, north and west London, New York, and Miami.

To date, Berkeley has secured development finance deals against physical assets predominantly in the UK markets.

With the new Dubai office, it aims to grow the Berkeley brand throughout the Mena region besides providing valuable resources to existing clients, and ultimately managing assets for the medium to long-term.

Mike Clark, the partner at Berkeley Assets, said: "It is important to have an office in Dubai as this is a key global market and the gateway between East and West, providing vital feedback and market data which we use to identify emerging global trends in our chosen sectors."
"The objectives of the office are clear, create awareness for our brand and search for strong yield potential in assets based locally. This is a key area of focus as the region is growing at a fast pace and offers strong potential income with low levels of taxation, we believe that the region now offers a sufficient level of stability," he added.

The company, run by a team of British nationals, currently operates more than 150 businesses, helping property developments, hospitality concepts and emerging businesses thrive. All underlying assets of the business are located in the UK and US.
Justin Quan, a senior associate for Berkeley Assets, said: "Private equity is, in its nature, an elusive industry but we want to see that change. Our mission, first and foremost, is to continue developing a varied portfolio of existing assets and new, innovative concepts."

"We believe that our proven track reinforces our reputation for delivering consistent results in a credible way, and with the dynamic team that we have put together in our Dubai office, we have begun the task of changing the face of private equity in this region," he added.-TradeArabia News Service

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