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Discussion Starter · #1 · (Edited)
Phoenician Village

Beirut Central District - Beirut, Lebanon


www.phoenicianvillage.com


Levant Holding Company – In sponsorship with Al Sayer Group, executes one of the biggest real estate projects in the Solidere area of Lebanon.







The main features of Levant Holding's project, which is considered one of the biggest real estate projects in the history of Lebanon, are:

  • Covers a 205,000 square meter area.

  • Located in the heart of Beirut.

  • 10 minute drive from the airport and 500 meters from the Nejmeh Square.
  • Includes: offices, residential complexes, shopping malls, hotels, cinemas and much more.

  • A high rise of 160 meters.

  • Panoramic view overlooking the Mediterranean Sea and the surrounding mountains.

  • Designed by world renowned architects.

Also worth mentioning is that Al Sayer Group which has dedicated all of its efforts to make Levant Holding's project a true success in Lebanon, will be offering all its means of support in executing this project, starting from its confidence that the return on this investment will be the greatest in the Mediterranean Sea region.













 

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Discussion Starter · #3 ·
I think I like this project a lot better now that I have seen these renders, but Im still not too excited about the facade on these towers...but other than that, its a great addition to the skyline.
 

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looool. it looks like that will be built on the same place everyone gathers for marches. i guess we will have to find a new marching area. no but really it looks cool. right now on half of it is just a humongous parking lot that never seems to be even 1/10 filled with cars, and the other half is just unpatched land
 

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OK give these people there own forum!
 

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Impressive projects. I guess it goes well with Lebanon. In Dubai there are more and more commercials for Lebanon's Real Estate, a nice example that Lebanon makes progress.
 

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Discussion Starter · #16 ·
^^They were posted on the Al Sayer official website... interestingly they didnt refer to the project as "Phoenician Village" not once on the site (although it is not the website for the actual project), so I wonder if that will be the final name?

What do you all think about the name, I like it a lot.
 

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Discussion Starter · #19 ·
Here's some more info on the Levant Holding company:


Levant Holding to raise capital
April 26, 2006

Kuwait City

Kuwait-based developer Levant Holding said it wants to increase its capital 120 times to KD120 million ($411 million) as it gears up for a major development in Lebanon.

'The company is seeking to raise up to KD119 million by offering to prospective investors to subscribe in 1.08 billion shares,' the company said in a statement.

The company -- established by Kuwait's Al Dhow Investment Co to invest in developments in the Levant -- Syria, Jordan, Lebanon -- has paid-up capital of KD1 million.

The shares, to be offered by April 30 in a private placement subscription, will have a par value of 100 fils and a fee of 10 fils per share.

Its Lebanon project -- The Phoenician Village -- comprises hotels, residential, commercial and office compounds over an area of 50 acres in the heart of Beirut. The company said in an executive summary the project is expected to generate $1.3 billion in sales.

'This project will be a landmark in Central Beirut,' said Nasser Chamaa, chairman of Lebanese real estate giant Solidere, which is in charge of reconstruction in Beirut after Lebanon's 1975-90 civil war.

'The size of the project which exceeds $1 billion reflects the importance of Beirut as the capital for all Arabs,' he said.

Levant Holding's current capital of KD1 million will rise to KD120 million after the issue.
 

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Discussion Starter · #20 ·
More articles:


Levant Holding launches huge real estate project in Lebanon; 1.19bn shares on offer
By Francis A. Clifford Cardozo - Arab Times Staff

KUWAIT CITY: Levant Holding, a subsidiary of Al Sayer Group on Tuesday announced the launch of one of its maiden real estate projects in Solidere, Beirut at an event held at the Courtyard Marriott. The salient features of Levant Holding’s project, which is considered one of the biggest projects in the history of Lebanon are: It covers an area of 205,000 square meters and is located in the heart of Beirut. It is ten minute’s drive from the airport and 500 meters from the Nejmeh Square. The project is being designed by world-renowned architects and has a Panoramic view overlooking the Mediterranean Sea and the surrounding mountains. Through video presentations speakers explained various projects in depth, as the event brought together investors, businessmen and members of the press.

Investment
Talking about the investment climate in Lebanon, Dr Mansour Barakat of Audi Bank observed that the country has large growth reserves and appealing business environment in addition to attractive investment framework. Barakat, added by way of explanation that, “the private sector is the backbone of the Lebanese economy with diversified private sector activities and wide pool of financial resources. The country is open to foreign investments with solid corporate earnings coupled with strict regulatory supervision.”

“High liquidity is mitigating concerns about confidence crisis with adequate capitalization ratios exceeding the required standard. The country has accommodating market framework with no restrictions pertaining ownership. There is a strong cooperation among stake-holders for the capital market development,” he added.

A Kuwaiti shareholding company, Levant is offering for subscription, 1,190,000,000 shares, of which 1,080,000,000 shares will be offered for subscription to prospective investors and each share has a par value of 100 fils. The company is planning to raise up to KD 119,000,000 by offering to the prospective investors 1,080,000,000 shares representing, after the capital increase, approximately 90 per cent of the capital while the remaining shares of the company — ten per cent — will be divided among the existing shareholders.

Nasser Al-Shammaa, Chairman of the Board and Managing Director of Solidere talked about the importance of Solidere’s strategic location at the center of Beirut as it represents the business and touristic hub of Lebanon, and underlined the importance of Levant Holding’s project. He went on to add that the new project is considered as one of the most important investment projects in the Central Beirut District. Nasser Mohamad Al-Sayer, Mohamad Nasser Al-Sayer and Sons’ Chairman of the Board, in his speech welcomed the attendees, and gave brief introduction of Levant Holding saying, “it was established with an aim to give a platform for investors wishing to invest in the Mediterranean region.”

Al-Sayer also spoke about Lebanon’s strategic location that makes it the heart of the Middle East, and the meeting point of the three continents: Asia, Europe, and Africa. He called upon investors to capitalize on the project and added that Al Sayer Group will be the core foundation of the project through Al Dhao Investment Company. Levant’s main objective is to conduct its operations in compliance with Islamic rules and principles. The company will be guided by a Sharia supervisory committee appointed by the Board of Directors.
 
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