Date: 17th October 2011
Capital Trust Group Opens New Office in Dubai, UAE
London and Dubai - Oct. 17, 2011 - Bassam Aburdene, Chairman of the Capital Trust
Group ("CTG"), has announced that it has expanded its presence in the GCC, opening a
representative office in Dubai, UAE.
The new office is located at Business Central Towers in Dubai. CTG has offices in
London, NY/Washington D.C. and Beirut. The Group was established in 1985.
"Dubai is home to some of the world's most sophisticated investment houses and
institutions and we see clear synergies with CTG's private equity funds, corporate advice
and investment banking range of financial solutions" said Emad Odeh, Managing Partner
of CTG's Dubai office. "Bringing in CTG's global perspective and the wealth of 26 years
experience of generating superior risk-adjusted returns will be our differentiating factor."
Bassam Aburdene stated that "CTG is pleased to provide investment and financial
services by extending and utilizing the Group's reach, track record, performance and
varied resources to our new office headed by Mr. Odeh". He added "We are excited to be
opening a new office in Dubai which brings us closer to our clients and will allow us to
build on our long-standing relationships with our investors and we look forward to
working with new partners."
For the last 6 years Mr. Emad Odeh has been CEO of The OC, a business consulting firm
with offices in UK that he co-established in Dubai. Prior to that he was the Group CEO of
Thani Investments for 6 years establishing Arabian African Oil Co, and Petrodar for its
principles targeting investments E&P Oil & Gas sector.
CTG is licensed by the UAE Ministry of Economy and Dubai's Department of Economic
Development while the London office is authorized and regulated by the UK's Financial
Service Authority. www.capitaltrustltd.com
Activities Approved by Ministry of Economy and Dubai Economic Dept. License.
a. Enhancing relations and dealings with the establishment's customers;
b. Providing the establishment's head office with information about local markets and the
relevant legislations;
c. Furnishing details and information on the UAE market where the establishment's head
office locates;
d. Promoting the products and services offered by the establishment; and
e. Providing consulting services to customers.
Press
Date: 4th October 2010
The acquisition of Stoneham Park, Eastleigh
The freehold interest in Stoneham Park, Eastleigh has been acquired by Capital Trust
Group on behalf of a Middle Eastern investor from Jeeves Investments LLP. Jeeves
Investments LLP is a joint venture between AEW and Mountgrange. The purchase price
of £9 million reflects a net initial yield of 7.46% and a capital value of £188 per sq ft.
Finola Reynolds of the Capital Trust Group commented that “this acquisition provides
our investors with a good income return from a strong tenant with an unexpired lease
term in excess of 10 years. This represents The Capital Trust Groups first investment
acquisition since 2006 and marks the start of a renewed drive into the UK property
market.”
Nightingale Partners represented the purchasers.
Date: June 2009
"The excellent reputation and track record of EuroMena I was an important factor in
Closing Euromena II”
Capital Trust: Fundraising for EuroMena II closed on 1 June 2009.
+ European Investment Bank and Proparco as lead investors
With co-investors from Saudi Arabia, Kuwait, Qatar, UAE, Jordan, Egypt and Lebanon
+ EuroMena II investments will include Algeria, Egypt, Jordan, Lebanon,
Morocco, the Palestinian Territories, Syria and Tunisia
The Capital Trust Group announced today that Euromena II, its third generation MENA
private equity fund, closed on 1 June 2009.
In a statement, Capital Trust said that the funds raised for EuroMena II amounted to $90
million, despite the current global financial and economic crisis.
Read more
Date: September 2008
CAPITAL TRUST GROUP ADVISES PREEM PETROLEUM AB
AND ITS AFFILIATES ON $2.3 BN AND SEK 7.2BN
SYNDICATED CREDIT FACILITY
September 30, 2008 – Capital Trust Group has advised Sweden’s Preem Petroleum AB and
affiliated on their new $2,283,100,000 and SEK 7,200,000,000 term loan and revolving
credit facility. It is the largest syndicated credit facility ever provided to a privately held
Scandinavian group of companies. The syndicated loan will provide for the refinancing
of the Preem Group’s outstanding debt, working capital and other general corporate
purposes.
Merchant Banking, Skandinaviska EnsKilda Banken AB and Handelsbanken Capital
Markets, Svenska Handelsbanken AB are coordinating mandated lead arrangers and
bookrunners under the credit facility. Merchant Banking, Skandinaviska EnsKilda
Banken AB is the facility agent.
Preem is the largest oil company in Sweden and one the largest independent refining
companies in Europe. It accounts for more that 75% of Swedish refinery capacity and
30% of Nordic refinery capital. Preem’s two refineries are among the biggest, most
sophisticated and environmentally efficient in Europe.
Capital Trust advised Preem on all aspects of the loan transaction, as well as advising all
issues relating to matters which preceded the transaction and the structuring of the credit
facility.
Date: 07 January 2008
Region’s Leading Software Company, ITWorx, Changes Hands in Move for Global
Growth
Joint investors EuroMena Fund, a private equity fund sponsored by
Capital Trust Group, Venture Capital Bank and Proparco purchase 79% of the
Middle East Region’s leading software company in view of further expansion plans
internationally.
Read more...
Date: 11 October 2007
Capital Trust announced the exit from its last remaining investment in Mount
Mezzanine, its European mezzanine fund, achieving a 20% IRR on the fund as a whole.
Read more...
Date: April 2007
1st Fund Exit for CPLP II
Date: March 2007
Corporate Acquisition for CPLP II
Date: September 2006
£5.1M Acquisition for CPLP II
Date: July 2006
£20M Acquisitions for CPLP II
Date: December 2005
£27.7M First closing of Capital Property Limited Partnership II
Date: May 2005
Acquisition of The Quadrangle, & Pincents Lane, Theale, near Reading
Date: December 2004
CapReal Launch
Date: April 2004
CPLP 3rd Anniversary
Date: April 2004
Quay Place Sold For £21.5M
Date: 30th December 2003
Princes Court sold for £34.375M
Date: 26th June 2003
Acquisition of Infinity House
Date: April 2003
2nd Anniversary of CPLP
Date: 30th April 2003
Swan House Acquisition for £5.4M
Date: November 2003
Acquisition of Oxford House, Leeds
Date: October 2002
Financings
Date: January 2002
City Keys Acquired for £15.8M
Date: April 2001
Establishment of CPLP
Date: March 2001
Acquisition of Tindal Bridge
Date: January 2001
Acquisition of Tandstickspalatset, Stockholm
Date: 26th May 2011
Capital Trust Acquires Prime Birmingham Office
The freehold interest in The Stock Exchange, Birmingham has been acquired by Middle
East clients of The Capital Trust Group from Stoford Ventures Limited.
This 1920s landmark property which has been newly refurbished is let to EFG Private
Bank for 15 years.
The Stock Exchange, 33 Great Charles Street, Birmingham comprises 24,825sqft of Grade
A offices set over five storeys within a conservation area. The building has been
shortlisted by the British Council for Offices (BCO) for the 2011 award for Best
Refurbished/Recycled Workplace. The reception incorporates a double height reception
area and an impressive former stock exchange hall which has been converted into
meeting rooms, whist maintaining many historical features.
Finola Reynolds of the Capital Trust Group commented that ‘this acquisition meets our
investor’s criteria being a striking building in a core city centre location with a long lease
to an excellent covenant”.
This acquisition represents the Capital Trust Group’s continued drive into the UK
property market.
Knight Frank represented the purchasers.
Click here to view in Portfolio Gallery