/PRNewswire/ More than 500 business leaders, elected officials, and their guests gathered on Saturday, March 19, 2022, at the Arizona Biltmore Resort in.
24 May 2021 - 9:03
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 the Qatar Stock Exchange (QSE: QFBQ) has announced the acquisition of phase 1 of CoverMyMeds Campus Headquarters in Columbus, Ohio in the USA.
The new acquisition marks QFB’s 7th sharia compliant real estate investment in the Unites States and comes as a significant addition to the Bank’s presence in the US real estate market following QFB’s latest acquisitions of 90 North Campus (T-Mobile) building in Washington, BSN Sports HQ building (Varsity Brands) in Texas, The Grand 2 at Papago Park Center in Arizona, and Waterway Plaza I in Texas.
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.
QFB acquires The Grand 2 at Papago Park Center in US
13 Dec 2020 - 8:34
A view of The Grand 2 at Papago Park Center in Tempe, Arizona, US.
The Peninsula
Doha: Qatar First Bank LLC (QFB) yesterday announced it has acquired The Grand 2 at Papago Park Center, a 358,800 square foot newly completed state-of-the-art Class A office building that is 100 percent leased to DoorDash under a 15-year triple net lease (NNN), located in Tempe, Arizona - United States, part of the metro Phoenix market.
Sheikh Faisal bin Thani Al Thani, QFB Chairman commented, “This transaction cements QFB’s new fee-based income business model, implemented to enhance QFB’s investment management strategy, and further strengthens its Shariah-compliant US Real Estate Portfolio. The new strategy continues to invest in handpicked Sharia-compliant real estate assets that provide highly stable income to investors as well as upside potential.”