RSP Group Completes Investment Advisory Mandates for Projects Valued Over $50BillionUS

Istanbul office to tap Turkish and Central Asian markets as part of its ambitious growth plans

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. October 14, 2008

DUBAI, UAE, September 16, 2005. Dubai based RSP Group, the largest regional real estate and hospitality investment advisory company in the Middle East, today announced that it has provided investment advisory counsel to projects valued at over US$ 50 billion in the Middle East and North Africa. In a bid to further tap the emerging markets in Turkey and Central Asia, the Group has set up operations in Istanbul to provide world-class investment advisory services in those markets.

Announcing this, Blair Hagkull, Managing Partner - RSP Group said, "The real estate and hospitality market in the MENA region is looking up at an all time high. Over the past year we have worked in 15 countries in the region on real estate projects valued at more than US$ 50 billion. In addition, through our real estate fund and asset management division, RSP Group has initiated more than US$ 1 billion in real estate portfolio development and management in the past year."

The robust Middle East real estate markets have now resulted in many astute investors also looking for new investment opportunities in other areas, but still in proximity to the major Middle East capital markets.

Divulging details on their expansion plans, RSP Group - Managing Partner, Thierry Loue said, "The emerging Turkish and Central Asian republics provide exceptional market opportunities for our key Middle East and international clients and partners. We have partnered with Istanbul based, Akasya Capital, a leading advisory and investment company and wish to capitalize on their market-leading strengths, as well as our well established services to the advantage of Turkish and Central Asian investors and developers, as well as our Middle East clientele.

Commenting on the partnership, Kerem Mavituncalilar of Akasya Capital said, "We see significant opportunity to leverage RSP Group's proprietary development advisory and investment services in Turkey and the Central Asian republics. The markets here have gained considerable strength and large opportunities exist within the real estate investment and advisory sectors."

The RSP Group expansion to Istanbul is a logical progression in the organization's mandate to deliver international caliber advisory and investment services to leading real estate investors, developers, investment banks and financial institutions. RSP Group's Istanbul office is located in the central business district of Levent. The Central Asian republics include Georgia, Azerbaijan, Kazakjstan, Uzbekistan, Tajikstan and Kyrgyzstan.

RSP Group's core advisory services include Development Advisory, Project Financing, Asset Management and Fund Development and Asset Acquisitions and Disposals. RSP Group has provided strategic advisory services on many of the region's largest and most prestigious real estate and hospitality developments. Its 'blue chip' client base is comprised of many of the leading international and regional banks, real estate developers, and investors throughout the Middle East.