- The Cordatus Platform will enable direct and easy access to UK real estate for Middle East investors
- The Partnership aims to capitalise on enduring confidence in UK market from Gulf-based clients
Cordatus Real Estate (‘Cordatus’) and JISR Holdings have today 8th March 2021 announced the creation of a partnership to provide Middle East based clients with direct and easy access to UK real estate.
The Cordatus platform enables investors direct and easy access to UK real estate opportunities. Cordatus is a full-service provider, sourcing opportunities, structuring, and transacting deals, asset managing business plans and managing exits to maximise investor risk adjusted returns.
Having a Middle East partnership is part of Cordatus business expansion strategy to tap into new regions. The target through this partnership is for Cordatus to become the investment management partner of choice for Middle East investors seeking to invest in the UK.
Cordatus is looking to achieve total investment volumes of approximately £200m during 2021, reflecting the enduring appetite for UK commercial property assets with Middle East based investors.
Anticipated acquisitions are expected to be between £10m and £50m million , across all sectors (office/industrial/retail and residential) focussing on opportunities that present strong and sustainable cash on cash returns that are in line with investors risk profile.
Talal Al Zain, Founder of JISR Holding said: “This new partnership will enable us to match clients’ appetite with attractive UK assets, drawing on both partners’ expertise to create a compelling proposition. The partnership’s Middle East office in Bahrain brings us to be closer to our clients and will allow us to provide an outstanding service and constant support.”
Michael Cunningham, Cordatus Director said: “We believe in long-term relationships with our investors by maintaining the highest standards of trust, ethics and governance. We spent considerable time looking for a Middle Eastern partner to be the right fit and we are confident JISR will prove to be that partner. Cordatus and JISR both share the same values, are run by highly-respected teams, and have proven track records that are second to none.”
The business will be run on a day-to-day basis by Cordatus directors Michael Cunningham and Gavin Munn together with the Head of Middle East, Bassam Kameshki, who will manage the relationships on the ground.
The partnership will operate from offices in London, Edinburgh and Bahrain.
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Further information, contact:
Ben Copithorne / Richard Pia
Camargue
T: 020 7636 7366 / bcopithorne@camargue.uk / rpia@camargue.uk
About Cordatus Real Estate (“Cordatus”)
Established in 2006, Cordatus Real Estate is an independently owned real estate asset management specialist. Its directors have over 170 years of combined experience in the UK property market, having held senior positions in some of the UK’s largest investing institutions and property developers.
Cordatus operates out of offices in Edinburgh, the Midlands and London. Its directors are Michael Cunningham, Mike Channing, Gavin Munn and Paul Blyth.
About JISR Holding (“JISR”)
JISR is a consultancy company, with the prime focus on Business-to-Business (B2B), providing consulting services to financial intuitions, pensions, governments, insurance companies, international fund managers, corporations, sovereign wealth funds, financial professionals, family offices, and high net-worth individuals.
Our vision is to build a leading brand in the Middle East with a core focus on Advisory, Restructuring, and Multi Family Offices (MFOs) through specialized entities and presenting innovative ideas and solutions, expertise and highest levels of integrity to our clients.
JISR firmly believes in serving our stakeholders by advising on investment strategies that delivers long-lasting returns that are achieved by a shared commitment to our investment philosophy, long-term disciplined approach and adhere to the highest standards of fiduciary responsibility that is fully geared towards our stakeholders’ interests.
