Balli Group heads to Cityscape to unveil $3bn real estate portfolio

Balli Real Estate, the property investment and development division of the Balli Group, is raising its profile in the Middle East as part of its $3.5+billion property development and investment portfolio expansion plans.

Balli Real Estate has four core activities: fund management, joint venture developments, direct developments and bulk purchase investment, and is involved in some of the most exciting and prestigious real estate projects in the world. In the United Arab Emirates the company operates under the Peacock Ventures Ltd brand.

Balli Real Estate currently has a portfolio of over $3billion, comprised of over 900,000 sqft of property under development with a gross development value of some $800 million, and an additional 2 million sqft and a GDV of almost $2.5 billion in the pipeline.

The company has already invested in four major residential and mixed use projects in the UAE, under the Peacock Ventures brand, with a combined total of over 1,000 luxury residences. These include properties in the sought after Culture Village district and the prestigious Waterfront precinct. The company is now seeking more real estate investment opportunities in the region provided by developers, agents and landowners.

Led by a senior management team of eight directors and managers, Balli Real Estate is currently raising its focus on investing in and developing high quality real estate in the Middle East. As part of this, Balli Real Estate is sending a senior team to Cityscape Dubai 2008 (6th-9th October). The team will be there to review investment and development opportunities in the region and meet existing and new real estate contacts and discuss details of Balli Real Estate’s property activities and ongoing expansion plans.

Vahid Alaghband, Group Chairman of Balli Group comments:

“Balli Real Estate is a business that is expanding rapidly. Cityscape is the major property exhibition for the Middle East, so we see it as the perfect location to meet with developers and agents and review the latest investment opportunities in the region and also update the international property sector on what we are doing, as well as highlighting the many opportunities we see coming up in the future.”

In light of this, a senior management team from Balli Real Estate, including Vahid Alaghband, Manging Director Hassan Alaghband and Group Finance Director David Spriddell, will be attending a number of meetings and briefings at Cityscape.

The Balli Group is a large private multi-national corporation with offices in Dubai and London and other major business hubs and divisions focusing on commodity trading (steel, aluminum and chemicals), industrial activities (printing, rolling and packaging) and real estate (in prime locations in the Middle East and UK). The company has over 1,600 employees, a head office in London and offices in America, continental Europe, Turkey, Africa and the Middle East and operations in over 22 countries around the world.

Hassan Alaghband, Director at Balli comments: “Whether it’s in the UAE or UK, we undertake joint ventures or direct development of luxury residential, commercial and mixed-use projects under the Balli Real Estate or Peacock Ventures Ltd brands. We are also establishing a Dubai based property fund into which the Group’s investor contacts will be invited to provide investment. The real estate division forms a fundamental part of the on going expansion and diversification strategy of Balli and the returns achieved from our property investments in the Middle East and London have proved to be highly lucrative.”

Vahid Alaghband continues:

“Our extensive Group operations in the commodity trading, industrial and private equity businesses generate lucrative profits and have insulated Balli from the funding issues that have impacted on other real estate companies. It places Balli Real Estate in a special position in the real estate market as we can operate as both a developer and a supplier of real estate funding. Our real estate operations have never been so busy and we are currently exploring a record number of investment opportunities in the Middle East and UK.”

The success of the real estate division is due to its focus on only working with established high quality developers, professionals and bankers. Meticulous research, including risk evaluations, site visits and market research is undertaken before any sort of investment is undertaken.

David Reid, Director at Balli Real Estate comments: “We have been undertaking joint venture, fund investment and bulk purchase projects in Dubai for a number of years and we have steadily built our presence in the market. We have found Dubai to be highly profitable and will continue to expand our operations in the UAE.”

For further information on Balli Real Estate contact David Reid on Tel: 00 44 (0)207 544 8331 or visit www.balli.co.uk

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