QINVEST, Qatar's leading private investment group and one of the region’s most prominent Islamic financial institutions, today announced that it has invested in and is a shareholder in OneOcean Port Vell in Barcelona – Spain. The investment was made through its wholly-owned subsidiary BOH LLC, and was made in conjunction with an investment partner.

QINVEST will work with the city and port authorities in Barcelona to increase the profile of the marina by investing additional resources in the port infrastructure.

Tamim Hamad Al-Kawari, Chief Executive Officer of QINVEST, said:

“Having supported the marina for a number of years, we, alongside our investment partner, are very pleased to be leading the new ownership of One Ocean Port Vell.As one of the most prestigious marinas in the region and situated in one of Europe’s leading cities, we are confident about its prospects for the future.”

Craig Cowie, QINVEST’s Head of Real Estate Investment and Advisory, said:

“OneOcean Port Vell is a valuable asset which has significant potential for growth and we are committed to working hand-in-hand with the relevant authorities, including the Barcelona Port Authority, the wider local community and all other stakeholders to support its continued development and success.

OneOcean Port Vell is QINVEST’s second investment in Spain this year, having earlier during 2017 invested into a Spanish real estate strategy focused on land developments in Madrid, Barcelona, Valencia and Marbella. The objective is to acquire well-located residential land parcels across Spain and develop residential for sale apartments for first home owners.

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For enquiries:
Bassel Hanbali - Head of Marketing, Corporate Communications & Investor Relations
Tel: +97466542099 
Email: bassel.hanbali@qinvest.com     

About QINVEST LLC
QINVEST is Qatar’s leading private investment group, with activities across the Middle East and Europe, and is one of the most prominent Islamic financial institutions in the region. QINVEST has built world class investment and advisory capabilities, with the highest standards of governance and transparency underpinning its client-focused approach. The bank’s priority is to deliver high-value propositions, considered solutions and tangible results for its clients and shareholders.

QINVEST’s three business divisions are Investment Banking, Asset Management, and Principal Investments, which focuses on real estate, credit and equity investments. It has unrivalled expertise in structuring Islamic products and provides clients with Sharia’a compliant solutions quickly and competitively.

The Group has offices in Doha and Istanbul, as well as affiliates in India and the UK. Its team of investment professionals provides a blend of broad international experience, deep regional knowledge and unparalleled relationships in Qatar. This reach and range of skills uniquely positions the firm to facilitate the flow of business between Qatar, the region and global markets, making it a key institution in Qatar’s international investment plans.

QInvest was incorporated in April 2007. It is licensed by the Qatar Financial Centre Authority and is authorized by the Qatar Financial Centre Regulatory Authority. QInvest’s shareholders include Qatar Islamic Bank and other institutional investors, as well as high-net-worth individuals. The bank has authorized capital of US$ 1 billion and paid up capital of US$ 705,357,142.

For further information, please visit www.qinvest.com.

© Press Release 2017