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Tamim Hamad Al Kuwari (left), and Craig Cowie
DOHA: Investment Holding Company Constellation has appointed QInvest, Qatar’s leading investment bank, as sole financial adviser and debt arranger for the $950m acquisition of four French assets. The transaction was funded by Aareal Bank and Qatar National Bank.
Tamim Hamad Al Kuwari, the newly appointed Chief Executive Officer of QInvest, commented: “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 has also strengthened our ability to partner with Aareal Bank and Qatar National Bank who both demonstrated a strong commitment to the transaction.”
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.”