IQI and IKON joint venture for GBP 100 million property development in London
November 2018, Dubai: IQI and IKON have signed a joint venture agreement launching the start of a total GDV of GBP100 million in London, United Kingdom.
Group CEO, Kashif Ansari said “One of IQI’s successes has been that we are able to assess and foresee opportunities where others might be more conservative. Brexit presents risks but many opportunities due to the fact that ‘London’ is a globally known and respected brand. This is more so for real estate where London properties are a prestigious and safe haven for global investors. When others are cautious, we go aggressive!”
IQI has been expanding in South East Asia over the past 5 year and has become one of the leaders in real estate investment and advisory. Having recently expanded into Australia and Canada, Europe is the next major expansion target for the company.
Ikon is a leading international developer specialising in the mid segment market with a key focus on affordable luxury units. Ikon chairman, Azam Zaka said “Our focus is much more than just the development of spaces and places. We aim to create experiences that drive memorable moments and lasting memories.”
With Asia being one of the largest investors in London, we are excited to partner with IQI to not just develop new properties in London but also to bring the portfolio of our developments to the Asian buyer market – leveraging on the 5000-strong sales team that IQI has across globe.
Asia, being one of the fastest growing economies is on the radar for Ikon and we plan on working jointly with IQI to further expand the Ikon brand into Asia.”
Stay tuned for more exciting news and blog updates!