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Keen to buy property along China's trade corridor?
Executives of Equitativa and Affluent Partners Holdings attend the launch of China's Belt & Road Initiative in Dubai.
dubai - Real estate investment trust allows UAE investors to pick up stake in assets along Belt & Road Initiative
The initiative is fittingly named 'Belt & Road Reit'. The agreement aims to create favourable investment opportunities for shareholders in these emerging markets, by setting up one or more Reits along the Eurasia countries.
Affluent Partners Holding will function as an advisor and will work closely with Equitativa which will be setting up the new Reit.
Equitativa or its affiliates will be appointed as Reit manager and be responsible for establishing and managing the Reits.
Sylvain Vieujot, group chairman of Equitativa, said: "The establishment of the 'Belt & Road' Reit marks a new chapter for Equitativa in Asia and emerging markets. Working with Affluent Partners will increase our fund-raising capabilities in Asia and gives us the opportunity to identify more assets that can maximise value for our shareholders."
Stephen Yuen, chairman of Affluent Partners Holding, said: "Affluent Partners is delighted to be working with such an experienced Reit manager on the Belt and Road Reit initiative. We have observed the quality of the assets managed by Equitativa and have a very positive outlook for this new collaboration."
Equitativa has two existing Reits with a sole UAE focus.
Reits are funds collected from a variety of investors and channelled into yield-generating properties.
- business@khaleejtimes.com
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