Amr Ismail, Director of Business Development for Pimco Integrated Real Estate Management, explained that Pimco has succeeded in increasing the number of real estate projects managed by it, as well as the number of leased units and their total areas, with the estimated value of these projects rising to about one billion dollars by the end of 2021.
Ismail stressed that Pimco, through its experience and skill in managing, operating, and leasing real estate projects of all kinds, commercial, industrial, professional, craft, and administrative, seeks to continue its expansion in Kuwait and the region, especially in the field of commercial real estate, which is witnessing a significant increase to meet the growth in demand for commercial units by Kuwaiti investors, especially from the youth category.Ismail expected the company to succeed in implementing the regional expansion plan in the region, especially in the active markets in the region, led by the Gulf Cooperation Council countries, Egypt and North Africa, which international reports indicate that it will continue to grow in terms of real estate projects in general and specialized commercial centers in particular in the coming years.
He added that Pimco provides marketing, leasing, management, and all related subsidiary services, including monitoring of marketing, promotion, and leasing, which the company provides for various real estate, especially commercial, according to a modern and professional concept that takes into account the requirements of owners and tenants, as well as visitors from different segments and categories. He explained that Pimco, through its integrated services, contributes to increasing the property's attractiveness to investors, thus raising occupancy rates and rent values and thus developing the property's total income and market value.