Aug 07 2006 |
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CFH announces successful closing of real estate fund
Corporate Finance House (CFH) announced yesterday the successful closing of the Middle East Real Estate Opportunities Fund (MEREO II) at US$ 30.0 million.The fund will invest in residential and commercial properties in Dubai, Abu Dhabi, Doha, Amman, and Beirut. The second closing is scheduled for the end of November 2006, and is targeting an amount of US$ 50.0 million.
Fund Manager Karim Chamseddine and his team will operate and manage MEREO II from the newly established offices of CFH in Dubai. "We strongly believe that MEREO II is well positioned to benefit from the brisk real estate activity in the region and seek to attain the desired returns," explained Chamseddine.
CFH provides specialized financial advisory and capital raising services. It provides financial advisory for I.P.O.'s, mergers and acquisitions, debt and equity private placements, debt restructuring, leveraged buy-outs, divestments, and real estate finance. In addition, CFH is actively engaged in private equity and real estate fund management. CFH continues to act as owner representative in major multi-contract projects. CFH caters to mid-sized corporations, banks, high net worth individuals, private equity firms and family owned businesses. CFH has completed financial advisory and investment banking transactions in the Middle East with focus on the GCC and the Levant.
CFH was formerly known as Capital Trust Middle East (CTME) and has been in the business since 1997. CFH has a staff of 12 experienced professionals with offices in Beirut and Dubai, and a Riyadh office is under formation and is expected to be operational in January 2007.
-Ends-
For further information please contact
Mr. Elias Abou-Samra or Moufid Dardas:
Corporate Finance House
Emirates Towers, Level 41
Sheikh Zayed Road,
P.O.Box: 31303
Dubai,
UAE
Tel: 00 971 4319 9059
00 971 50 5382249
00 971 50 5383451
Fax: 00 971 4330 3365
elias@cfh.com.lb
moufid@cfh.com.lb
© Press Release 2006
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