Esterad Bank Joins Industry Leading Speakers at Abu Dhabi Middle East Investor Summit
Esterad Bank today announced its recent participation in the Middle East Investor Summit, which was held in Abu Dhabi on May 27-28, 2024, bringing together leading institutional investors and family offices from across the Middle East to share experiences and insights on critical issues shaping the regional and global investment landscape.
Representing Esterad Bank at the Summit was Asad Aftab, Director of Investments, who spoke on an engaging panel titled "Global Real Estate Investments - The Future of Global Real Estate: Market Trends, Challenges, and Opportunities." The panel focused on discussing the latest market developments, the evolution of the global real estate sector, and the emerging opportunities for investors. Key topics included the impact of economic shifts on real estate values, innovative investment strategies, and the role of technology in transforming the real estate landscape.
Commenting on the subject, Mr. Aftab said, "With rising interest rates across the world since 2022, real estate asset value has declined quite significantly and some of the assets can now be acquired below the replacement cost. This gives rise to an exciting opportunity for the investors including family offices and institutional investors to participate in the acquisition of undervalued assets particularly in the US and UK. Esterad Bank focuses on such a niche by identifying opportunities that provide above-average market returns and diversification for regional investors who are mostly vested in regional private equity. In addition to this, there are large numbers of refinancings equivalent to USD10 billion coming due for investors who acquired assets in 2018 and 2019, whereby these assets especially in multifamily can be acquired at a large discount."
Esterad Bank is a leading regional and global real estate investor and its involvement in the Middle East Investor Summit underscores its commitment to staying at the forefront of industry developments. By participating in such high-caliber events, Esterad Bank aims to enhance its investment portfolio and deliver superior value to its shareholders and investors.