Rafco MENA Projects
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Rafco MENA Projects Rafco MENA Projects Document Transcript

  • RAFCOINFORMATION PROSPECTUS2012
  • “Our vision is to be a leading global real estate groupworking with the world’s top businesses, governments andother institutions to deliver economic, environmental andethically sustainable property investments for our clients”. Mr. Rafed Abdul Mohsin Bader Al Khorafi Chairman, Rafco International Real Estate KSC 2
  • Contents 1.0 welcome 3 2.0 discover RAFCO 4 3.0 fact file 5 4.0 our projects 6 Kuwait 7 Jordan 9 United Arab Emirates 16 5.0 thank you 17Welcome We are delighted to welcome you to Rafco International Real Estate KSC, a private real estate developer mandated by the distinguished Al Khorafi family to develop a diversified portfolio of high quality real estate assets, including prime urban residential, commercial, mixed use and hospitality / tourism assets across the Middle East and Levant. 3
  • Discover RAFCOOperating across the EMEA, RAFCO partners a networkof highly responsive companies across the KhorafiNational Group, to provide private clients , institutionsand authorities with innovative solutions for theconstruction, design, operation, maintenance andfunding of their property and project developments.From 2008, RAFCO has expanded its strategic areas ofbusiness beyond construction to include the operationand maintenance of capital projects, building a presencein the emerging field of BOT and PPP projects. Privatizedproject modeling utilizes the company’s strength pre &post construction, via financing, facilities/assetmanagement and general business operations. 4
  • Fact fileName of company: Rafco International Real Estate KSCCompany type: Kuwait Shareholding Closed CompanyIncorporation date: 21st May 2006Registration number: 115040Head office location: Level 2, Dawliah Commercial Center Fahed Al Salem Street, Kuwait City, State of KuwaitCapitalization: KD 10,022,500 [USD 36.37m]Mr. Rafed Abdul Mohsin Bader Al Khorafi, ChairmanMr. Al Khorafi is the second generation of one of Kuwaits most distinguished familiesin parliamentary politics, education and business. The son of Mr. Abdul Mohsin BaderAl Khorafi, the foundation of Mr. Al Khorafi’s commercial success was in real estateconstruction and investment, a legacy RAFCO is proud to continue.Mr. Benjamin C Ganley, Chief ExecutiveBenjamin is an accredited member of the Royal Institute of Chartered Surveyors,Australian Property Institute, Project Management Institute, Australian MarketingInstitute and Institute of Directors, London. He holds a Bachelor of Commerce degreefrom Charles Darwin University, Australia, where he also served as a UniversityFoundation Board Member. 5
  • Our projects“RAFCO adheres to rigorous due diligence procedures,driving shareholder value through efficient and effectivecapital structures, re-investing P&L returns into pipelineopportunities to foster long term, sustainable shareholdergrowth”. Mr. Benjamin C Ganley, CEO, Rafco International Real Estate KSC 6
  • Abdul Mohsin Bader Al Khorafi Tower, KuwaitProject: ABDUL MOHSIN BADER AL KHORFI TOWER Status: Concrete works for basement wallsLocation: Al Sharq district of Kuwait and columns completeClient: Rafco International Real Estate KSC Services and lift core constructed toLand extent: 1,000 Sqm 4th floorLand val: USD 24 million Preparatory work for pouring of 1st floor slabBUA: 16,020 Sqm in progressTerminal val: USD 65 millionHandover: Q2, 2013 Highlights: 36 level, A-Grade commercial office towerTenancy: 15 year FRI pre-lease to GF and Mezzanine retail space Gulf Business Machines Dual basement parking with car lifts IBM Building Automation System 7
  • Low Cost Housing, KuwaitProject: KUWAIT LOW COST HOUSING Project summary: Design, execution, operation andLocation: 45km from Kuwait city, West of Jahra city and maintenance of 9, 696 low cost houses, including service 4km south of Al Salmy Road buildings yielding investment return and non-profit buildingsClient: Owner consortium: Low Cost Housing for the project, and investment commercial district. In addition Company KSC; Rafco International Real Estate to sites allocated for public utilities, roads and infrastructure KSC and AECOM networks, etc. per the details given by Public Authority forLand extent: 8.42 Sq Km Housing Welfare.Project cost: USD 1.325 billionTerm: 40 year Build-Operate-Transfer (BOT)Status: EOI docs submitted to PAHW Nov 2011 Dec-Mar 2012 PAWH shortlist applicants 8
  • Hilton Hotel and Residences Amman, JordanProject: HILTON HOTEL AND RESIDENCES AMMAN Status: Municipality approved schematic drawingsLocation: Plots 1767 and 1899, Block 20, Zahran Street, Early stage site works South Um Uthaina, AmmanClient: Private Jordanian shareholding company Highlights: 350 guest rooms (rooms size 37-42 sqm)Land extent: 9,409 Sqm 150 serviced apartmentsLand val: USD 30 million All day dinning 180 seats, Roof top restaurant,BUA: 65,000 Sqm 1,500 person ballroom and 4 meeting roomsTerminal val: USD 300 million Spa, health club and swimming PoolHandover: Q1, 2014 Projected stabilized Hotel occupancy is approxHotel operator: 20+10+10 term signed with 72% with an average rate of USD132 Hilton International Manage LLC 9
  • Conrad Hotel Amman, JordanProject site as at January 2012 10
  • Jordan Gate King Hussein Airbase Project: CONRAD HOTEL Location: 6th Circle junction, 20 minutes from Queen Alia International Airport Client: Rafco International Real Estate KSC Land extent: 28,500 Sqm BUA: 225,000 Sqm Terminal val: USD 300 million Handover: Q2, 2013 Hotel operator: Provisional terms agreed with Hilton International Manage LLC Status: EOI submitted to owner consortium Dec 2011 Project summary: His Majesty King Abdullah on May 29, 2005 laid the foundation stone for the Jordan Gate project, the first phase of the billion dollar GFH’s Royal Metropolis plan. Jordan Gate is one of the main projects of the USD 1.3 billion-plus Royal Metropolis, creating a futuristic and iconic development in the heart of Amman. At 44 floors, the building is considered to be Jordan’s most prominent architectural landmark and comprises two high-rise towers connected by a multistory podium and premium retail shopping mall.Project: KING HUSSEIN AIRBASE REDEVELOPMENTLocation: Mafraq, Jordan – 60 km northeast of the capital Amman at the nexus of a road network connecting Jordan, Syria, Iraq and Saudi Arabia.Client: Rafco International Real Estate KSCLand extent: 21 Sq KmProject vision: AEROTROPOLIS is a new kind of urban form, which links a physical airport to mixed use development.Status: Exclusivity Agreement signed between Rafco International Real Estate KSC and the Jordanian Ministry of Transport to prepare financial and technical studies including site lay out, business plan, financial model and operator credentials in view of submitting a proposal for construction, redevelopment operation and financing of the project.Project summary: With a revitalized and redeveloped King Hussein Airbase at its core, the project is envisioned as a new state ofthe art, inter-model logistics and transit hub to serve the region. Reviving Mafraq’s long history as a transportation crossroads, itwill serve not only the immediate transport needs of site manufacturers, but it will also become a new focal point for third party,value added logistical activities.Development in the logistics and transport cluster is envisioned to include standard storage facilities and depots, robustloading/unloading infrastructure, rail/road and air/road transfer stations. 11
  • King Hussein Airbase Re-development, Mafraq, Jordan8 12
  • Residential Golf Course Development, Jerash, JordanProject: RESIDENTIAL GOLF COURSE DEVELOPMENTLocation: Jerash, JordanLand extent: 2.1 Sq KmThe proposed residential and golf course development is on the hills immediately to the east of Jerash. The site occupies a mainridgeline and its slopes with unobstructed views across the town and to the world famous Roman city some 3 kilometers away.The attractive natural setting and its location near to the second most visited site in Jordan, close to the main highway link toAmman (35 km to the south) provides a prime venue for the proposed residential, leisure and tourism oriented development.Residential: 300 – 350 number, residential villas on average 1,000 Sqm plots.Golf Course: 18 hole course located to the upland areas to maintain a natural ridgeline and the backdrop of the pine forests.Club House and Resort Hotel (200-400 keys): On the hill top and set within the pine forests towards the southern end of the site.Town Centre Development: Mixed use facility including community and retail services for the local residents and tourists.Maintenance and Plant Nursery: Located alongside the Al Zarga Road and will provide the back of house facilities for thedevelopment and stables where visitors can hire out horses.Horse Riding and Recreational Trails: A horse riding / recreational trail could also be provided around the golf course. 13
  • Mixed Use Development, Amman, JordanProject: THE VILLAGE Status: Municipality approved schematic drawingsLocation: Dabouq, Amman Detailed construction tender docsClient: Private Jordanian shareholding companyLand extent: 17,000 Sqm Project summary: A trendy and stylish vision in one of Amman’sLand val: USD 15 million exclusive new neighborhoods, The Village brings togetherBUA: 28,500 Sqm 28,500 Sqm of residential, office, retail, entertainment andTerminal val: USD 40 million parking into a comprehensive, mixed-use, lifestyle complex.Completion: Q2, 2013 Against a background of natural oak forest, this modern development will move with you into the future while retaining the areas unique character. 14
  • Residential Development, Amman, JordanProject: RESIDENTIAL DEVELOPMENT AMMANLocation: Plot 11, The New Badr, near Hashemite Castle and Queen Noor MosqueClient: Private Jordanian shareholding companyLand extent: 11,600 SqmPlanning: 22 X 750 Sqm premium villa plotsZoning: Category B – build up to 40% site, up to 3 levels (incl roof terrace) per villaCompletion: Q4, 2012 15
  • Hilton Hotel and Conference Center, Abu DhabiProject: HILTON HOTEL AND CONFERENCE CENTER Status: Municipality approved schematic drawingsLocation: Plot EW08 Sowwah Island, Abu DhabiClient: Rafco International Real Estate KSC / MCJV Project summary: The project occupies a 6,552 sq/m waterfrontLand extent: 6,552 Sqm site in proximity of the Abu Dhabi Securities Exchange, theLand val: USD 75 million Cleveland Clinic and a large office community currently underBUA: 105,000 Sqm construction. The development includes five F&B outlets,Terminal val: USD 410 million (year 5) function space of around 1,000 sq/m, a business centre, anHandover: Q1, 2014 Executive Lounge and a health club. A retail frontage of 2,480Development: 350 guest rooms & 170 serviced apartment sq/m is planned along Sowwah Island’s corniche promenade.Hotel operator: Provisional terms agreed with Hilton LLC 16
  • For all enquiries and further information, please contact: Benjamin C Ganley Chief Executive Rafco International Real Estate KSC Level 2, Dawliah Commercial Center Fahad Al Salem Street, Kuwait City P.O. Box 3168, Safat, 13032 KUWAIT T + 965 651 87 597 + 971 566 141 266 + 962 787 899 301 E b.ganley@rafco.com.kw Thank you for your interest in Rafco International Real Estate KSC. DISCLAIMER This Company Profile has been prepared by Rafco International Real Estate KSC (“RAFCO”) to inform prospective entities of direct and indirect company activities. The Company Profile does not purport to be all inclusive or to contain all of the information that a recipient may desire or should obtain. Any reference to future market conditions should be regarded as estimates only of future market possibilities. The process of making forward projections involves assumptions about a considerable number of variables and contingencies which are acutely sensitive to changing conditions. No representations or warranty’s, express or implied, are given that these future matters will occur or that any expected future performance will be met. Subject to any law to the contrary and to the maximum extent permitted by law, RAFCO and its employees disclaim all liability for any loss or damage suffered or incurred by a person acting or relying on the information provided in, or omitted from, this project pipeline summary report. © Copyright Rafco International Real Estate KSC – all rights reserved. 17