Helios and SinoGulf Form Logistics Joint Venture |
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Abu Dhabi, UAE, January 3rd, 2009 (ME NewsWire) - Helios Properties, the logistics development company run by Trevor Cartner and Mike Hughes, has signed an agreement with SinoGulfSinoGulf
, the Abu Dhabi-based real estate investment company, to develop a network of distribution parks across the Gulf States. The two companies have formed a 50/50 joint venture named Helios-SinoGulf Property Development to take advantage of the growth in demand for warehousing and logistics services in the region by building a series of logistics parks throughout the United Arab Emirates and the GCC.
Helios - SinoGulfSinoGulf hopes to have an initial development programme of more than 300,000 sqm within its first 12 months. They are currently in negotiations on several projects in the UAE.
Trevor Cartner executive director of Helios comments: "There is huge potential for logistics in the Gulf States, which is a market we have tracked for a number of years. The UAE has emerged as the region's trading and transhipment hub which is generating strong demand for warehousing. Helios' proven ability to deliver large scale development projects together with SinoGulfSinoGulf's track record in the UAE will be a winning combination."
Mr. Andrew Clout, SinoGulfSinoGulf 's Managing Director said: "We are delighted to announce this partnership with Helios. With the new Helios-SinoGulfSinoGulf team, we are looking forward to developing many world class logistics and warehousing projects throughout the region. Both Helios and SinoGulfSinoGulf have a proven track-record and a thorough knowledge of logistics developments and we are excited by the opportunities this will create."
*For more information, please visit: www.heliosproperties.com and www.sinogulf.com
*Source: ME NewsWire
*View this release online and download high resolution images and logos at:
http://www.me-newswire.com/content/view/446/lang,en/
-Ends-
About Helios:
Helios Properties plc is a specialist industrial property development company working throughout the UK and wider continental Europe. Founded in 1996, with backing from a major Saudi Arabian investment group, the Company is based in London, with offices in Manchester and European offices in, Bucharest and Athens.
The Helios executive team are highly experienced people from many professional backgrounds including finance, construction, surveying, planning and design, creating a truly rounded approach to their business and providing real value to clients. The Company is well known for their expertise in logistics and industrial development, and has built logistics parks in the United Kingdom, Romania, Croatia, Germany and many others.
About SinoGulfSinoGulf:
SinoGulfSinoGulf Real Estate Investments LLC known as SinoGulfSinoGulf Investments was established in Abu Dhabi in 2003 to develop real estate opportunities and assets for investors from the Gulf region. SinoGulfSinoGulf is also a large investor within the Sharjah Investment Centre and the Abu Dhabi Business Hub. It has a number of subsidiaries and associates including SinoGulfSinoGulf (DIFC) Limited, an Asset Management subsidiary that is licensed by the DFSA.
For more information please contact:
David Ogden,
Helios SinoGulfSinoGulf LLC (Abu Dhabi)
Tel: +971 2 495 5000
Sami Hassoun,
News Services Group Middle East
Tel: +971 4 433 1903
Trevor Cartner,
Helios Properties Plc
Tel: +44 (0) 20 7629 6452
© Press Release 2009
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