Strutt & Parker announces joint venture with Jasper Capital
- 4 March 2008

Strutt & Parker, one of the largest privately owned, autonomous property consultants in the United Kingdom, is expanding into the Middle East. To accelerate the development of its business and in order to differentiate its client offering, Strutt & Parker has entered into a joint venture with Jasper Capital Limited (Jasper Capital), a London based international corporate finance, asset management and management consultancy firm. Jasper Capital is a recognised Middle Eastern specialist with a strong presence in the region, together with offices in Kazakhstan, Switzerland, Turkey and the United States of America.

Building on Strutt & Parker’s reputation for high quality advice, investment and development skills within all real estate sectors and Jasper Capital’s corporate finance, asset management and management consultancy skills and extensive experience in the region, the joint venture creates a unique working relationship targeting the evolving real estate markets in the Gulf.

The Strutt & Parker team has been travelling to the Gulf for over seven years and has had considerable success on advising on investment into the United Kingdom and was responsible for setting up the largest Shari’ah compliant commercial fund in the United Kingdom for Kuwait Finance House. To further strengthen existing relationships and nurture new ones, Strutt & Parker Middle East is currently establishing two offices, one in Abu Dhabi and the other in Dubai, which will provide not only a strong platform to service the United Arab Emirates, but also the whole of the Gulf.

Strutt & Parker Middle East is a client focused business providing real estate consultancy advice geared to specific client requirements. The business focus is to:

• facilitate cross border investment
  • advising clients from both the United Kingdom and the Gulf on direct investment and development opportunities in the Gulf and the United Kingdom respectively; and
  • creating strategic partnerships between United Kingdom and Gulf real estate companies looking to diversify their real estate exposure to a more global platform either through joint ventures or mergers and acquisitions.
    
• regional consultancy work
  • providing bespoke financial appraisals and feasibility studies for mixed use developments throughout the Gulf region.

The complimentary skill sets of the two companies will enable the new venture to target a broad range of clients and provide them with a focused specialist service that we believe is unrivalled in the current market.

Andrew Yeandle, partner of Strutt & Parker and CEO of Strutt & Parker Middle East comments: “Establishing our first overseas offices in Abu Dhabi and Dubai provides an excellent platform for us to build upon the successful Middle Eastern business we have undertaken so far and enables us to drive the initiative forward. The complimentary skill set of Strutt & Parker and Jasper Capital enables the new venture to target a broad range of clients and provide them with a focussed specialist service of exceptional quality.”

Jason Peers, Group CEO of Jasper Capital and board member of Strutt & Parker Middle East comments: “Jasper Capital is already very active in providing capital raising, mergers and acquisition advice and management consultancy in the regional real estate market. We are delighted by the partnership with a firm of the calibre and track record of Strutt & Parker, which adds a major new dimension to the support we can offer to regional and global clients.”

Strutt & Parker operates from 51 offices and employs over 900 employees in the United Kingdom. The firm is multi-disciplined covering all aspects of the commercial, residential and agricultural markets, with specialist teams advising on all aspects of real estate, investment, development, occupational agency, professional and consultancy across all key sectors.

Jasper Capital is a London based corporate finance, asset management and consulting group, with offices or representation in Abu Dhabi, Almaty, Dubai, Istanbul, New Delhi, New York and Zurich. Jasper Capital provides a range of financial advisory, asset management and consulting services dedicated to the needs of corporations, financial institutions and governments in the United Kingdom, the Middle East and North Africa region, Turkey, Central and South Asia.

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