Capri Capital Partners, LLC Announces $2-Billion Commercial Real Estate Development Deal in Saudi Arabia.Chicago-based Real Estate Investment Firm Becomes First Third-Party Developer  It has been suggested that First-party developer, Second-party developer be merged into this article or section. to Partner with Emaar
CHICAGO -- Capri Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Capri") Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Quintin E. Primo III and Emaar, The Economic City, Inc. ("Emaar.EC") announced today Capri will be the first international real estate investment firm to develop a world class mixed-use commercial and residential project in the Central Business District of Saudi Arabia's new city named King Abdullah Economic City Wikipedia is not the place for advertisement or self-advertising. King Abdullah Economic City (Arabic: مدينة الملك عبدالله ("KAEC KAEC King Abdullah Economic City (Saudi Arabia) KAEC Kentucky Association of Electric Cooperatives, Inc. "). When completed, KAEC will become the third largest city and biggest seaport in Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. .
The $2 billion real estate development project will feature two luxury full-service five-star hotels; a world-class convention/conference center and hotel; two Class-A office towers; an enclosed retail center and two residential condominium towers. World-renowned architect Ricardo Bofill Ricardo Bofill (born December 5, 1939) is a Spanish architect born in Catalonia of Jewish descent. He was born in Barcelona and studied at the Architectural School in Barcelona, and later in Geneva. of Taller de Arquitectura of Spain will design the project on behalf of the partnership. Prime Group, an international development firm based in Chicago, will act as lead developer for the project. "It's exciting to be a part of this history as Saudi Arabia begins opening itself up to the world," said Quintin E. Primo III Chairman and CEO of Capri Capital Partners. "Capri will invest, oversee development, and own this major real estate project as we partner with Emaar and the Kingdom of Saudi Arabia. Beyond executing a successful development, our goal is to help create value across strategic sectors of the Saudi Arabian economy using real estate investment as a platform. In addition, Capri seeks to act as a bridge-maker between the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the Kingdom, from a business, educational and cultural standpoint." "Saudi Arabia is a critical component of our international growth strategy and will serve as the headquarters to Middle East and North Africa markets," said Rehan Atiq, Vice Chairman and Co-Chief Executive Officer of Capri Global Capital. "The economic fundamentals of Saudi Arabia are as strong as any other world class emerging market. We are delighted to enter the Kingdom through this very prestigious opportunity." About Capri Capital Partners, LLC Capri Capital Partners LLC is one of the country's leading institutional real estate investment advisory firms, investing and managing commercial real estate properties and portfolios since 1992. Capri offers a broad spectrum of equity and debt products to its customers through separate account and commingled fund Commingled Fund A type of mutual fund consisting of assets from several accounts that are blended together. Sometimes called a "pooled fund." Notes: They are "commingled" to reduce the costs of managing them separately. vehicles. Diversified assets managed on behalf of its pension fund and other institutional clients totaled $4.8 billion as of March 31, 2008. For more information, please call 312-573-5275 or visit the company's website www.capricapital.com. Capri Capital Partners, LLC expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with regard thereto or change in events, conditions, or circumstances on which any such statement is based. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy any security relating to Capri Capital Partners, LLC or any of their funds. Any offer or solicitation may be made only through the delivery of a definitive Private Offering Memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. and all information contained herein is qualified in its entirety by such Memorandum. About King Abdullah Economic City KAEC is the single largest private sector-led project in the region and has six key components: the Sea Port, Industrial Zone, Central Business District (including the Financial District), Resort District, Educational Zone and Residential Communities. |
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