July 13, 2022
Korol, a new investment and development business, has launched as an evolution of IV Real Estate following successful projects in Bristol and London.
The new company is a collaboration between two of the directors from IV Real Estate, Alex Jordan and Hiwad Shakaib and ASFO, a private family investment fund who co-invested with IV Real Estate on projects over the last five years.
Korol is focussed on value-add repositioning of office and commercial buildings throughout London, the South East and South West to create positive, sustainable working environments. Capitalising on significant structural changes in the office sector post-pandemic with occupiers seeking a flight to quality, Korol will focus on amenity rich developments with sustainability as its core as the sector rebalances and more office stock becomes obsolete.
Alex Jordan, Korol joint Managing Director, commented: ‘’We are excited to launch the new business from the strong foundations established with IV Real Estate over the last five years. It is testament to the success of the projects in London and Bristol that a permanent joint venture was founded with our partners at ASFO.
“We are excited by the potential opportunities as the office sector evolves and a new normal working environment establishes impacting how, where and when tenants work, married with sustainable physical offices and strong reliance on ESG parameters’’.
Hiwad Shakaib, Korol joint Managing Director, added: ‘’Korol is privately funded without the reliance on debt for acquisition so can acquire projects swiftly and with certainty. With a strong track record and experience of delivering institutional quality developments, we’re incredibly excited to deliver the next wave of workspaces that focus on the user experience, are genuinely sustainable and leverage best in class technology.”
