Evarei Management LLC (“Evarei”) has today announced that it has appointed Kinetrix Consulting, a Dubai International Financial Centre (DIFC) advisory firm, to be its lead risk management and corporate governance advisor for the Evareium international real estate fund. The Evareium fund initiative is to be a Cayman Islands based limited partnership, targeting the acquisition and development of real estate assets and projects in the MENA region.
Kinetrix will advise Evarei, Evareium’s lead advisor, on subjects relating to regulatory processes, governance, compliance, financial accounting and management. Evareium envisions a blockchain and smart contract solution for the digitalized real estate investment generation, allowing instant online digitalized investment into managed real estate assets through a ‘tokenized’ fund which aims to create liquidity by registering on digital exchanges over the course of 2018.
Stefan Hickmott, CEO of Evarei and director of EVM Blockchain Limited, commented, “Kinetrix are a leading and highly-reputed compliance and governance firm in the region and they follow world-class standards of best practice in business structuring, risk mitigation and management. We are delighted to be working with them to develop rapidly a formidable institution around Evareium.”
Hickmott continued, “We very much look forward to benefiting from Kinetrix’s extensive expertise regarding structuring, regulatory compliance, management and arrangement activities pertaining to current and future objectives.”
Antonio Rubel, Chairman of Kinetrix, added, “The Evareium fund is already an award-winning initiative in recognition of its innovative vision and desire to institutionalize further the real estate sector in the region. Kinetrix is delighted to be working with companies like Evarei that share the same ambition and pedigree as our current portfolio of clients – to become world-class operations, identify and mitigate all viable risks and ultimately protect their stakeholders’ interests to the highest degree possible.”