Qatar First Bank acquires phase 1 of CoverMyMeds campus headquarters in Ohio

Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity on the Qatar Stock Exchange (QSE: QFBQ) has announced the acquisition of phase 1 of CoverMyMeds Campus Headquarters in Columbus, Ohio in the USA.

The new acquisition marks QFB’s 7th sharia compliant real estate investment in the Unites States and comes as a significant addition to the Bank’s presence in the US real estate market following QFB’s latest acquisitions of 90 North Campus (T-Mobile) building in Washington, BSN Sports HQ building (Varsity Brands) in Texas, The Grand 2 at Papago Park Center in Arizona, and Waterway Plaza I in Texas. The newly acquired property is a fully built-to-suit 218,000 square foot trophy office building completed in 2021 and is 100% leased to CoverMyMeds - the wholly owned subsidiary of McKesson Corporation on a 10-year NNN lease. McKesson Corporation is a leading American company operating in the pharmaceutical, medical, health, and information technology sectors with annual revenues of over USD 200 billion.