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Mashreq and Arady launch fund

Staff Report/Dubai
Filed on June 29, 2016
Mashreq and Arady launch fund

(Supplied photo)

Mashreq is in partnership with Arady Properties are set to launch the UAE's first Qualified Investor Real Estate Fund which will be registered in the DIFC.

The Shariah-compliant fund's strategy will be the acquisition of select, income generating, diversified assets across the GCC with a focus on the United Arab Emirates.

The investment vehicle is structured as a six-year, close-ended fund, regulated by the DFSA. It will deploy $300 million of equity paired with debt to acquire assets with strong yielding potential. Capital raising and the Fund Road Show will commence in Q3, and will consist of three, $100 million tranches amongst a maximum of 50 investors.

The partnership was signed by John Iossifidis, group head of Corporate Investment Banking Group at Mashreq, and Ali Hamad Lakhraim Al Zaabi, chairman of Arady Properties.

- business@khaleejtimes.com





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