Partnership gives Asteco clients opportunity to diversify their property portfolio and take advantage of IP Global's full-service international investment offering
Leading UAE property management company Asteco has teamed up with IP Global, a full-service international property investment firm, in order to offer its clients sound investment opportunities in overseas real estate markets.
"Property remains an asset class of choice for most investors. The focus on secure acquisitions in well regulated markets which are income generating and projected to see capital appreciation, remain a priority," said Elaine Jones, CEO at Asteco.
IP Global's unique selling proposition is that it takes an active participation in each venture that it brings to the market. Having a vested interest naturally strengthens investor confidence and provides property solutions that meet the requirements of their clients in the most transparent way.
"Considering the challenging global investment climate, we are witnessing an increased risk-averse attitude from our clients. IP Global's proven track record researching, identifying, participating and securing solid property investments in mature markets with sustainable returns makes it an ideal partner," added Jones.
Founded in Hong Kong in 2005, IP Global invests and manages properties in developed economies including the United States and United Kingdom, and in emerging and frontier markets such as Brazil, Malaysia and Vietnam. It currently has over 3,000 clients with average investment opportunities around $750,000.
"Asteco has a broad and well-established client base. This partnership provides an opportunity to access international markets, with solid market research, consultancy, mortgage brokerage, legal, as well as lettings and management if necessary. We can even help investors to develop exit strategies if they wish," said Tim Murphy, CEO, IP Global.
To give potential investors a taste, IP Global's property portfolio includes The Richmond, a 94-luxury apartment building in Kuala Lumpar, Malaysia, The Drapery, an art deco inspired building in Islington, London, and 77 Hudson, a luxury apartment building located just minutes from New York City's Financial District.
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Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in Dubai in 1985. Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.
Founded in Hong King in 2005, IP Global has offices in Hong Kong, Singapore, Shanghai and Dubai. The company invests in properties in Asia, North and South America, Europe, the Middle East and Australasia. Past projects include Astrum Towers, an apartment building in Istanbul, Turkey, and Las Brisas de Amador, part of a large scale development in Panama City.
Media contacts
For Asteco
Nathalie Viselé
Director
Shamal Marketing Communications
Dubai, United Arab Emirates
Tel: +9714 365 2711
Cell: +9715 0457 6525
E-mail: nathalie@smc-pr.com
For IP Global
Sophie Toh
Director
TOH Public Relations
Dubai, United Arab Emirates
Tel: +971 04354 9212
E-mail: sophie@tohpr.com
© Press Release 2012
