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 18 Jan 2021 - 8:31 The Peninsula Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on Qatar Stock Exchange (QSE: QFBQ), announced the completion of  QAR 262.5 million acquisition of the retail hypermarket building in Messila  thereby cementing the Bank’s  presence within the local real estate market. The property is currently fully occupied by Lulu as a fully fledge Hypermarket located at Jassim Bin Hamad Street south of Madinat Khalifa – Messila, Doha with a built up area of 44,611 sqm. Built over 4 floors, the property offers a total of 299 parking slots providing ample convenience to Lulu for a successful retail hypermarket operation. The property was built to suit in 2016 and is 100% occupied under a triple net (NNN) 20-year locked lease, with 16 years.

Ad daw ahUnited statesMadinat khalifaAbdulrahman totonjiHe sheikh faisalPapago park centerRegulatory authorityQatar first bankQatar financial centreQatar stock exchangeLulu hypermarket trading coJassim bin hamad streetThani alFirst bankLulu messila hypermarketEstate sharia compliant