Barwa Real Estate Company (Q.P.S.C.), the leading real estate and investment company in Qatar and the region, announced the signing by its subsidiary, BARWA Al-Sadd Co. (W.L.L.) -fully owned by BARWA Group- a purchase agreement for purchasing a percentage of 25% of Millennium Plaza Hotel and the Wellness Center located at BARWA Al-Sadd Development, from Katara Hospitality at a purchase price of QAR 167,214,172 (one hundred sixty seven million and two hundred and fourteen thousand and one hundred and seventy two) Qatari Riyals.
The company aims from this purchase transaction to support the operating real estate portfolio of BARWA Real Estate Group in a way that contributes in realizing the sustainable growth and enhances the rights of the stakeholders.