Singapore-based property investor Pacific Star has finally secured a license from the Qatar Financial Centre Regulatory Authority (QFCRA).

The license will allow Pacific Star Doha LLC to conduct regulated activities in respect of advising on investments and arranging deals on investments.

In addition, the latest development also supports Pacific Star Group's overall growth strategy to provide investment solutions for global investors who are keen on real estate opportunities in the Gulf region as the group is fully committed to a long-term strategic presence in Qatar.

With the approval, Pacific Star has become Qatar Financial Centre's first regulated financial services firm from Singapore.

Established in 2001, the Pacific Star Group is an independent real estate investment house specializing in investment management, fund management, development management, REIT management, asset management and private equity.

The Group's institutional investor base is spread across Asia, Europe, North America and the Middle East. Its clients include Qatar Investment Authority, Kuwait Finance House, MEAG, ERGO and Societe Generale.