Press

HDG FRL Sarl, Al-Muthanna Investment Company and Nakheel United Real Estate form Joint Venture for Finzels Reach in Bristol

13 March 2007

HDG Mansur as Development Advisor for Finzels Reach has announced the financing and commencement of construction for the new £255 million (US $500 million) mixed-use development in Bristol City Centre.

Finzels Reach is a joint venture of HDG FLR Sarl with Al-Muthanna Investment Company and Nakheel United Real Estate Company. King & Spalding LLP London office advised the joint venture on the acquisition and financing of the development which was structured on a Shari'ah-compliant basis.

Finzels Reach plans propose to revitalize and invigorate the prominent 2.30 hectare waterside site by providing 1,000,000 sq ft of high-quality mixed-use development, including over 402,000 sq ft of office space, 398 residential apartments, 87,155 sq ft of retail and leisure space and 152,114 sq ft of parking. In addition, the site will offer open public spaces, car parking, community facilities and pedestrian walkways, including a state-of-the-art pedestrian bridge – Mobius Bridge at Finzels Reach. This bridge will connect the site to Castle Park.

The Mobius Bridge, designed by award-winning Hakes Associates, in association with Buro Happold Engineers, was inspired by the mobius strip, the name given to a one-sided surface which is formed by joining together the two ends of a long rectangular strip; one end being twisted through 180 degrees before the join is made. An intriguing mix of simplicity and complexity, the bridge makes a stunning contrast with the historical industrial buildings of the Redcliffe conservation area. The bridge is an instantly recognisable landmark, a symbol of the regeneration of this area of Bristol.

Scheme completion is expected towards the end of 2011 and will result in the creation of a vibrant and sustainable new community in Bristol.

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For further press enquiries, please contact: Belinda Payne at ADC Blueprint: bpayne@adcblueprint.com or +44 207 349 6280

Notes to Editors:

HDG Mansur group of companies:
HDG Mansur is an international real estate industry leader with more than 25 years experience in providing real estate fund and asset management services and property development services. These services are structured to support the specific requirements of high net worth individuals and their private banks, trust companies and financial advisors. As of December 31, 2006, HDG Mansur's business activity includes:

  • $5.3 billion in international real estate investments

  • $3.8 billion in real estate financing

  • $1.1 billion in planned and managed equity

  • $2.8 billion in real estate value of fund investments

  • 27 million square feet in real estate investments

  • 25 years of experience

  • 3 offices worldwide - London, New York and Indianapolis


Al-Muthanna Investment Company
Established in 2004, Al-Muthanna Investment Company successfully implemented its strategy by offering Islamic investment products that reflect its position and consolidate its status as one of the leading companies in this sector, both locally and internationally, all while maximizing client wealth and offering creative investment solutions.


MIC has a team of highly qualified individuals coming from different professional backgrounds. The company has so far successfully managed the private placement of 3 companies as well as co-placing 5 others. Some of the private placement companies are:

  • Al-Rai Logistica

  • ALAFCO

  • Masaken


MIC has successfully acquired a number of companies (listed and unlisted) in Kuwait and other GCC markets. Some of the companies are:

  • Majan College – Listed on the Muscat Stock Exchange. (approx. 75% owned by MIC)

  • Kuwaiti Manager Co. – K.S.C.C. (40% owned by MIC)

  • International Turnkey Systems – K.S.C.C. (10% owned by MIC)


Al-Nakheel United Real Estate Company
Al-Nakheel United Real Estate Company was established in April 2001 as an Islamic real estate development and investment company.


The company has a paid-up capital of 26,000,000 KD and an authorized capital of 30,000,000 KD


NUREC transacts its business in compliance with Islamic Shari'ah.


NUREC's principal activities include trading of lands and buildings, property development for itself and for others, and managing client properties in Kuwait and abroad.


NUREC is dedicated to delivering a high quality of services to its clients through talented and experienced teams of employees.


Services include:

  • Development Studies

  • Market Research Studies

  • Project Feasibility Studies

  • Owner representation throughout the project phases

  • Project Management throughout the project phases

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