Amana Asset sets up Corporate Real Estate Services Unit

Tuesday, 21 October 2014 00:42 - - {{hitsCtrl.values.hits}}

Amana Asset Management Ltd. announced the launch of its Corporate Real Estate Services Unit, the latest addition to its portfolio of real estate services, recently. The unit had been providing for real estate needs of busy corporates, institutions and expats in securing, managing and liquidating real estate assets in the medium to long term.

“We launched this initiative as a response to client feedback and demand for professional services to aid companies, institutions and individuals to manage their real estate assets, notwithstanding the fact that there is a heightened investment interest in the category. However, real estate demands continuous focus and attention and can prove to be very time consuming. Through this unit we hope to provide our clientele the opportunity to relax and enjoy the benefits of their investment,” said Ahmed Abrar, Assistant Manager – Real Estate, Amana Asset Management Limited. “Similar to the known key account management model, clients will be allocated personnel who would be a single point of contact and reference in managing their real estate assets,” added Abrar. Real estate in Sri Lanka is now becoming an attractive investment option. Backed by development initiatives launched by the government and ambitious plans afoot by the private sector the future looks promising. Presently, the prices of land in and around Colombo is known to have risen relatively faster than before in the past few years since the end of the war. Amana Asset Management Ltd. is primarily concerned with building assets for investment and structured financing. It is the first to have successfully structure, manage and liquidate a securitised investment vehicle through real estate similar to a Real Estate Investment Trust (REIT) seen in foreign markets. Amana Asset Management is a fully-owned subsidiary of Amana Holdings Ltd.