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Plus Brokers & Bank of Beirut Join Efforts to Promote Real Estate projects

Bank of Beirut Invest - Following the great success of Fanar Residence pre-launch event, the remarkable sales figures that have been achieved with over 85 units sold to date, as well as the collaboration agreement signed between Bank of Beirut and Plus Brokers for the end user finance on Fanar Residence, Plus Brokers invited Bank of Beirut Metn branch managers to a dinner reception on Monday August 30, at BICE restaurant - Biel.

The gathering featured a presentation on Fanar Residence, to give a more comprehensive overview on the project to the Bank of Beirut branch managers, who will be assisting interested clients in acquiring housing loans up to 85%.

Mr. Samir Karam, board member of Societe Generale de l'Habitat ,commented: " We are glad of our partnership with Plus Brokers and Bank of Beirut which boosted the sales of the project and he shed the light on Fanar Residence distinctiveness stating: "The project is characterized by a modern design executed by Vahe Avedissian & Partners Architects; as well as by its special location, in addition of the apartment sizes and numerous project facilities. These factors, complemented by the concept of pre-launch prices, attracted a large number of buyers, and consequently led to the great success of the launch event."

Mr. George Chehwane, CEO of Plus Holding, commented: "Our sales success on Fanar Residence project has been a result of joint efforts between us and Bank of Beirut , to provide interested clients with house loan facilities to own their dream homes. Bank loans stand today for one of the most important factors in the decision making process for new property, therefore we look forward to future cooperation with Bank of Beirut on other projects in Lebanon."

Mr. Antoine Chamoun, General Manager of Bank of Beirut Invest, said, "It is part of Bank of Beirut 's strategy to offer clients attractive housing loans and invite more people to benefit from our financing products, particularly after the Lebanese Central Bank's latest initiative, encouraging private banks to offer personal and housing loans; hence our decision to become the financial partner of Fanar Residence, a project that responds in every way to market needs." " Bank of Beirut , Chamoun revealed, has lately launched a competitive housing loan in Lebanese Pounds, offering clients the chance to benefit from one of the lowest interest rates on the market (3.75%) and a higher financing (85%) over 30 years period, proving once more, to be a reference in the housing loan segment".

For their part, Mr. Nicolas Mehchy, Plus Properties Director of Sales and Mr. Elie Chaccour, Plus Brokers Deputy GM presented case studies for Tilal Bhersaf and Fanar Residence respectively, highlighting the various specifications of each project, and underlining the investment advantages one can benefit from.

Collaboration between Bank of Beirut , Plus Properties and Plus Brokers continues to date, since all interested clients can benefit from the housing loan facilities at any of BOB's branches in Lebanon, with financing up to 85% of the unit value.

Characterized by its open view of the city and sea, Fanar Residence brings affordable and comfortable housing to the heart of Fanar. Meeting deluxe design guidelines, this residential complex comprises three U-shaped blocks, and combines comfortable living with surrounding green spaces and convenient facilities, only 5 minutes from Beirut. The project offers modern design apartments, ranging from 127sqm to 210sqm.

Just minutes from Ashrafieh, Dora, Ain Saadeh and other key spots in Lebanon, Fanar Residence is strategically located in a quiet and easily accessible area in Fanar, and only minutes away from main business, commercial, educational and shopping centers, making it the ideal residence for families and individuals.

-Ends-

For further info, please contact:
For Sales & Marketing
For Financing and Housing Loans:
Nathalie Haddad
Bank of Beirut Customer Service at 1262 or any of Bank
Marketing Manager of Beirut branches throughout Lebanon
PLUS HOLDING
1316, Corniche An Nahr, Groupe Plus Bldg.
P.O. Box: 17-5662, Beirut-Lebanon
Tel: +961 1 584 006
Fax: +961 1 564 301
www.plusproperties.com.lb
www.groupplusmedia.com

© Press Release 2010