Tuesday, September 09, 2014

a revisitation of Sutton Turner's career at one time recounted in LinkedIn, part 6 Waseef. Barwa Real Estate Group June 2010 to May 2011

WASEEF, BARWA REAL ESTATE GROUP
 
Chief Executive of Waseef

Barwa Real Estate Group - Doha, Qatar

Public Company; 501-1000 employees; Real Estate industry
June 2010May 2011 (1 year)
About Waseef:
Waseef was established in Q3 2009 from the merger between Barwa Property Management, Barwa Facilities Management and Barwa Hotels. It currently performs the property, facilities and leasing management for 10,000 residential units in 2011. In 2012, they will add to this massive portfolio with the addition of Barwa Financial District - a 9 tower and almost 700,000 sq. meter BUA mixed use property that will be the world headquarters of Qatar Petroleum. Waseef will expand the activities of Barwa in the local market while simultaneously cutting servicing costs and enhancing performance and quality.

About BARWA:
BARWA is one of Qatar’s world leading real estate and investment companies, established in 2005 with the mission of contributing to the sustainable growth of Qatar by investing in businesses, services and expertise. With business interests in real-estate, infrastructure, business services and financial services, BARWA's drive and determination comes from us working in tandem with the Qatari Government’s overarching development plan as laid out in Qatar Vision 2030, which stresses human, social, economic and environmental development.

BARWA aims to be one of the most successful real estate and investment companies in the world, with a home in Qatar and a business operating around the globe.

BARWA's flagship projects include: Barwa Financial District, Barwa Commercial Avenue, Barwa Al Sadd and Barwa Al Doha. Supporting these projects is a group of Business services such as Project Management, Development Management and Asset Management through specialized centers of excellence.
www.barwa.com.qa
 
As blogged previously, Waseef included assets sold by Barwa in a $7.1 billion sale that was planned to reduce its debt but was not particularly successful.
 
For a direct link to the article go here.  See also:
http://www.albawaba.com/business/qatar-real-estate-543712

Finally, it is worth noting that despite the state’s effort to invest billions into infrastructure and real estate development, not all Qatari based developers are benefitting from these injections. Mega property developer Barwa Real Estate posted a 40 per cent drop in net profit for the first nine months of 2013 even after receiving $7.1 billion in support from the state to reduce its debts

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