Evarei appoints DIFC based Safa Capital as lead advisor and arranger of the Evareium international real estate fund
27th February 2018, Dubai: Evarei Management LLC (“Evarei”) of the UAE today announced that it has appointed Safa Capital, a Dubai Financial Service Authority (DFSA) regulated financial advisory firm in the Dubai International Financial Centre (DIFC), to be its lead advisor and arranger for the Evareium international real estate fund and initial token offering (ITO).
Already winning a global award from a major international finance media group, the Evareium fund and ITO is to be Cayman Islands based and aims to target the acquisition and development of real estate assets and projects in the MENA region.
Safa Capital will advise Evarei, Evareium’s lead advisor, on subjects relating to arranging investors and transactions for the Fund and ITO.
Through the Evareium ITO, Evarei envisions a blockchain and smart contract solution for the digitalized real estate investment generation, allowing instant online digitalized investment into managed real estate assets through a ‘tokenized’ fund which aims to create liquidity by registering on multiple digital exchanges over the course of 2018.
Stefan Hickmott, CEO of Evarei and director of EVM Blockchain Limited, commented:
“It is a great privilege to form this working relationship with Safa Capital, one of the DIFC’s most highly-regarded financial advisory firms relevant to our industry, as well as to be associated with their esteemed directors, partners and shareholders”.
Stefan continued: “Whilst Evareium is an offshore fund, we very much look forward to benefiting from Safa Capital’s extensive expertise regarding structuring, regulatory compliance, management and arrangement activities relating to our current and future objectives”.
Faheem Aziz, CEO of Safa Capital, said:
“We are delighted to be starting this business relationship with Evarei. Evarei has envisioned a fund project with ambitious plans for the real estate investment marketplace, which has potential to solve many issues in terms of bringing higher degrees of institutional capital into the region.
We look forward to assisting Stefan and his team with their formation and evolution of this project, and assisting Evarei as lead advisor to the Evareium real estate fund which we consider to be one of the most significant such projects to emerge in recent years”.
Notes:
Evarei is a real estate asset and management advisory firm based in the UAE.
The term Evareium pertains to a Cayman Islands limited partnership fund which is to be the entity pursuing the Evareium fund offering.
Evarei advises EVM Blockchain Limited on matters relating to the establishment of the Evareium real estate initiative and evaluates assets and projects suitable for Evareium.
Stefan Hickmott has been living in Dubai and the GCC region since 2001 and has an extensive experience in real estate acquisition, advisory and private equity, having previously been vice president of The Abraaj Group and an instrumental executive at the firm that has now become Jones Lang LaSalle MENA.
Faheem Aziz is the CEO of Safa Capital, a firm located in Dubai International Financial Centre (DIFC) and licensed and regulated by the Dubai Financial Services Authority (DFSA).
Evarei won the award of ‘Most Innovative Real Estate Fund of the Year – UAE 2017’ presented by International Finance and International Finance Magazine in January, 2018: http://www.internationalfinance.com/finance/wealth-management/future-real-estate-evareium-project/.