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FINANCIAL NEWS
QP mulls purchase of Barwa Financial District
14 Feb 2010
(MENAFN) Qatar’s Barwa Real Estate Company announced that it has reached a deal to begin discussions to sell Barwa Financial District to Qatar Petroleum (QP), QNA reported.
According to a statement posted to the Qatar Exchange, QP intends to use the 71,000 square meters project as its corporate centre for administration, general operations and financial activities.
The Barwa Financial District has been envisioned to meet the needs of the business sector with high quality office space, solid infrastructure, state-of-the-art technology and parking facilities for more than five thousand vehicles.
Future tenants, owners and visitors of the Financial District will also enjoy similar facilities to a luxury hotel and spa, conference center and outdoor plaza. The buildings in this group of 10 structures average 24 to 55 floors and will occupy a prominent position in Doha’s West Bay area.
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BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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