BBK- Markaz-I was one of a real estate investment project established in 2002 by BBK and Kuwait Financial Centre to provide investors with the most lucrative and successful transactions in real estate investment; Markaz and BBK raised approximately $ 43.3 million to acquire a portfolio of distribution warehouses in the USA.
“BBK-Markaz-I’s investment accomplished a superior performance, portrayed in a series of successful activities. Over the life of the fund, the average annual return (IRR) was 9.0% respectively, while it posted 17% profit on funds capital, lavishing investors with a total 75% returns during the life of the fund including dividends,” Abdulkarim Bucheery, Chief Executive, BBK said.
“BBK is committed to providing complete and innovative range of investment services, providing investors with outstanding financial returns,” Bucheery added.
BBK-Markaz-I was one of the most promising investment opportunities in real estate sector which offered decent returns in tough real estate environment in United States spread over 7 states. It proved resilient to the sharp correction in the real estate sector that started in 2007.