Asteco sets sights on region

Published December 22nd, 2009 - 02:25 GMT

Leading property services firm Asteco has appointed Jed Wolfe Regional Associate Director for Saudi Arabia, Qatar and Bahrain, as the company continues its Middle East expansion.

Based in Bahrain, Wolfe was previously the company’s Head of Investment for Bahrain and Saudi Arabia with a career in commercial property investment spanning the last 14 years.  Wolfe has extensive experience in the acquisition and disposal of commercial property in the UK and Europe and transacted in excess of $5 billion of real estate investments on behalf of clients.

Wolfe has also been appointed to the Board of Directors of Asteco Qatar LLC, a joint venture partnership with United Development Company, Commercial Bank of Qatar and Qatar Insurance Company.

“Since moving to the Middle East, Jed has worked closely with investors and property owners based in Saudi Arabia, Qatar and Bahrain, specialising in property investment acquisition and disposal,” said Asteco CEO Elaine Jones. “We are anticipating great things from him in the coming months.”

Wolfe said his role will be business development and investment with an emphasis on relationships with shareholders, corporate and national prospective clients focused on the Saudi Arabia, Qatar and Bahrain markets.

“My role includes providing advice to clients; through the key stages of an investment purchase or sale; identifying key investors in the market; and sourcing investment opportunities,” he added. “I am looking forward to the challenge.”

Asteco, a major regional and international real estate services firm and the largest property services company in the United Arab Emirates, was founded in 1985.  Asteco offers independent market analysis, design development consultancy and valuation services, sales and leasing services, as well as asset and property management services.

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