On 13 September, International Hotel Investments plc announced that it has acquired the remaining 80% shareholding in QPM Limited. As a result, QPM is now a wholly-owned subsidiary of IHI.
QPM is a multi-disciplinary consultancy company providing services in architecture, civil and structural engineering, integrated building services, interior design, project management, cost management and sustainability management. Projects undertaken include hospitality, residential, commercial, offices, retail, aviation and sustainable development initiatives amongst others in a number of countries across Europe, Africa and the Middle East.
The Board of IHI expressed its confidence that the full ownership of QPM will place IHI in a stronger position to achieve its strategic objective to develop and operate properties worldwide.