BREI developer to start building Convivium
VII in Badaro
CONVIVIUM VII, 2 residential buildings and a private garden 120 m long.
Press release Convivium
VII – 04/12/2006
Bassil Real Estate Investment, BREI, announces its recent
US $15 Million real estate venture “Convivium VII”
with MARKAZ, one of the
The company, incorporated in September 2006,
just acquired 4 land plots in Badaro that consists of
a total development area of 8, 500 m2.
MARKAZ decision to go ahead with the
development despite the recent political incidents shows that this particular
sector remains attractive to foreign investors.
“Investing
in the Lebanese real estate sector is not a short term activity, and we still
think that the medium to long term balance between risk and return is
relatively quite favorable” explains Bassam N, Al-Othman, senior vice president at MARKAZ.
“We are confident that the country’s high-end
residential segment of the real estate market is protected by a strong internal
and external demand. I am excited to say that we have a long term strategic
alliance with BREI and we plan to jointly introduce a number of attractive
projects in the future”, added Bassam N, Al-Othman.
“BREI is a unique vision of property
development with a new approach to real estate. We provide buildings that
integrate and add value to their environment” says Karim
Bassil, founder and Chairman of BREI.
Located at the prime location of Museum
Street and over-viewing the Hippodrome of Beirut, the project is due to stand
out as one of the most elegant and attractive properties within the Lebanese
capital’s district of Badaro.
CONVIVIUM is the luxury brand of BREI, mainly
developed since 1998 in Gemayze area. Conviviality,
Charm and Elegance are CONVIVIUM’s signature. “It is
all about providing truly rare living environments where people can really be
themselves. After all, that’s the ultimate luxury today” says Karim Bassil.
“Located at only 15 minutes walking
distance from the city center,
CONVIVIUM VII offers all the serenity and quietude with its private landscaped
garden and open-air spaces. We are giving high importance to the landscaping
while working also on all little details in the architecture that will set Convivium VII apart but always within the CONVIVIUM spirit”
added Karim Bassil.
The project is being financed by Byblos Bank and is designed by the AAA Architects and by Rafik El-Khoury & Partners
engineering office.
Construction is due to start in 1st
semester 2007 with delivery planned by the end of 2008.
Website: www.breisal.com
With permission
