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Sun 14 Mar 2010 10:01 AM

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New property firm launches in Qatar

Matrix Property Middle East is JV between UK-based financial services firm Matrix, and ME Alignment.

A new property firm has launched in Qatar, with the goal of leveraging long term investment opportunities in the GCC.

Matrix Property Middle East is a joint venture between UK-based financial services firm Matrix, and ME Alignment, a Qatar-based real estate development and investment company owned by members of the Al Attiya Family.

According to the company, Matrix Property Middle East will concentrate on the acquisition of high quality income generating projects predominantly in the industrial, residential and office sectors. The firm will focus on Qatar, Saudi Arabia and the UAE.

"We have been studying the GCC market for some time and believe we are now at the optimal point of the property cycle to start acquiring selectively across the GCC,” said Ian Blake, Partner of Matrix Property Fund Management.

“We believe there are good opportunities over the next 12 months to acquire high yielding income producing assets at prices which will give good capital growth over the medium term."

Matrix Property Middle East is currently seeking approval to register with the Qatar Financial Centre.

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