Blueprint Signs an exclusive representation contract with KFIM
Blueprint Real Estate Investment Advisory singed an exclusive representation contract with Knight Frank Investment Management. It is worth mentioning that KFIM is one of the biggest 5 global companies in real estate investments. Its services include managing real estate portfolios, investments, and seizing investment opportunities. It is part of a conglomeration of Knight Frank LLP which is specialized in managing real estate, its marketing, as well as offering all kinds of solutions and relevant consultations in this regard.
In this connection, Eng. Meshal Almelhem, BluePrint Managing Director, announced that this representation comes as the first serious step by a global real estate consulting giant to enter seriously the Kuwaiti market after some negligence. He added: the global real estate consultants acknowledged their mistake in ignoring the Kuwaiti market which enjoys high liquidity with scarce investment channels in addition to the expertise of Kuwaiti corporations in international real estate investments.
Almelhem added that the British real estate market has become the focus of most global financial, investment and real estate institutions and corporations due to improved economic indexes, strong currency, and effective legislation that is effective in safeguarding investment as well as the full transparency in all acquisition processes. Major American, Chinese and German companies invest now in the British real estate market through their sovereign funds, insurance and investment companies.
Ian Whittock, Knight Frank’s CIO, indicated that the positive boom of the British real estate market is in its beginning. He expects it would continue its positive development within the next three years. He emphasized that the British interest rates might rise in the next two years as they are at the lowest historical levels now and that entering the market now promises of positive returns to investors.
Almelhem added that Blueprint is planning to cooperate with a major financial institution in Kuwait to study the launching of an investment fund specialized in income-generating British real estate properties in cooperation with Knight Frank Investment Management. This Fund is anticipated to generate fixed monthly returns. Almelhem ascertained that the portfolio of this Fund will include the acquisition of leased buildings on a long-term basis by one of the biggest European banks.