Kuwait Finance House 15 per cent IRR on Asian real estate
The 1st KFH Fund for Asian Real estate has distributed quarterly cash profit with a 9 per cent per annum rate to investors since the beginning of the fund in 2006. International Real Estate Manager Ali Al-Ghannam has stressed KFH's keenness on achieving the best returns for its clients, and reinforcing the mutual trust between them through prime investment opportunities.
Regarding the projects that the fund established during the investment period, Al-Ghannam announced that building the two residential towers called Pavilion Towers, was the most prominent, since they contain 368 residential units in the capital Kuala Lumpur. In addition to that, the fund developed and rented the biggest shopping mall in Malaysia that is located on 128,000 m2.
Al-Ghannam said that KFH's investment activities will continue in the Asian market, where KFH-Malaysia is currently handling the project of developing Iskandar development region (IDR), total development costs are expected to exceed $20 billion over the next 15 years.