BBK, Bahrain’s pioneer in retail and commercial banking, has declared the robust liquidation performance of ‘BBK – Markaz-I US Industrial Realty Fund’.
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.
On this occasion, Mr. Abdulkarim Bucheery - Chief Executive, BBK said: "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”
Elaborating Mr. Bucheery said: “BBK is committed to providing complete and innovative range of investment services, providing investors with outstanding financial returns.”
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.