IQI Global, Ikon Real Estate Group ink JV agreement

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Staff Report

IQI Global and IKON Real Estate Group have signed a joint venture agreement by launching the start of a total GDV of GBP100 million in London, United Kingdom.

Group CEO of IQI Global, 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 brings risks but many opportunities are also there due to the fact that ‘London’ is a globally known and respected brand. London is also very important when it comes to real estate as London properties are considered 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 years 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 Real Estate Group is a leading international developer specialising in the mid-segment market with a key focus on affordable luxury units. Azam Zaka, Chairman of IKON Real Estate Group, 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 5,000-strong sales team that IQI has across the 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.” -abdulbasit@theuaenews.com