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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.” ....

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