"Barwa Real Estate Group, one of Qatar's leading international real estate and investment groups signed a number of major deals and launched its impressive Lusail Golf Residential Development at Cityscape Qatar 2012, an international real estate and development event, which took place from 23rd to 25th May 2012.
Major agreements signed during Cityscape, include the leasing of more than 100 showroom and office units on Barwa Commercial Avenue,. Barwa City leased 4 buildings to Qatar's Civil Aviation Authority, signed a Memorandum of Understanding (MoU) with LuLu hypermarket , and signed a long term contract with Newton International schools for 2 schools and 4 Kindergartens.
Barwa's CEO, Abdulla Abdulaziz Al Subaie commented, ""We are overwhelmed by the positive interest we received at Cityscape from both visitors, tenants and other organizations. The number of agreements signed at the event are themselves a testament to the leading role Barwa continues to play in Qatar's development.""
During the Cityscape event, which attracted a large number of high-profile participants, Barwa Real Estate Group showcased a number of leading projects, including, Barwa Commercial Avenue, a QAR 7 billion mixed-use development; Barwa Al Baraha, the largest workers' accommodation in the Gulf; and Barwa City, a 1.35 million square meter development. The group also launched its ambitious Lusail Golf Residential Development, which measures 3,659,736 square metres and features gardens, schools, mosques, a boutique hotel, retail village, health clinic, golf course, golf club, tennis facilities, and low and medium residential density zones. Visitors and existing tenants were also offered a multitude of event exclusive offers.
The event's inaugural Qatar Real Estate Summit, saw Barwa's CEO, Al Subaie deliver the keynote address on - Supporting Qatar's 2011-2016 National Strategy through real estate development. Al Subaie emphasised Qatar's positive long-term market outlook, while addressing the need for more market transparency and compliance with international benchmarks. With the aim of exploring better understanding of Real Estate Investment Trusts (REITs), while developing an expert perspective on the subject, Barwa announced plans to host a REITs seminar in coordination with leading professional financial advisory institutions and real estate players.
With an ever expanding portfolio of projects, Barwa's real estate portfolio currently includes iconic projects such as, the QAR 7 billion Barwa Commercial Avenue; Barwa Al Sadd, a QAR 2.4 billion project; Barwa Al Baraha, the largest workers' accommodation in the Gulf; and Barwa Al Doha, a mixed-use development that covers an estimated built-up area of 324,000 square meters. Other local projects include, Barwa Village, , Masaken Barwa, Barwa City and most recently Lusail Golf Residential Development.
Today, Barwa Real Estate Group has developed into a multinational diversified conglomerate with a multitude of real estate, infrastructure and business and financial service investments. The group currently operates across 13 countries, including the UK, Turkey, Egypt, France and Russia."