Spanish marina added to QInvest porfolio

QInvest has become a shareholder in a marina in Barcelona alongside an unnamed investment partner.

The Qatari investment firm acquired its share of the OneOcean Port Vell project through its subsidiary, BOH.

“As one of the most prestigious marinas in the region and situated in one of Europe’s leading cities, we are confident about its prospects for the future,” said Tamim Hamad Al-Kawari, chief executive.

The transaction is the firm’s second investment in the Spanish real estate market this year. It has already invested in a scheme to buy land in Madrid, Barcelona, Valencia and Marbella to develop into residential apartments.

“OneOcean Port Vell is a valuable asset which has significant potential for growth and we are committed to working hand-in-hand with the relevant authorities, including the Barcelona Port Authority, the wider local community and all other stakeholders to support its continued development and success,” said Craig Cowie, head of real estate investment and advisory.

©2017 funds global mena

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