Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

GCC real estate fund raises over $140 million  Join our daily free Newsletter

MENAFN - Arab News - 05/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) Pinebridge investments middle east bsc (c) (pbme) a global multi-asset class investment manager with regional headquarters in bahrain covering the middle east north africa and turkey has completed the first close of the pinebridge gcc real estate fund i lp raising over 140 million. the target for the final close is 200 million.

the shariah-compliant fund will invest in income-producing real estate assets in the gulf cooperation council (gcc) countries. the fund offers investors the opportunity to invest in existing properties with established rental revenue and a focus on logistics and warehousing social infrastructure (health care and education) and community retail.

talal al-zain ceo pinebridge investments middle east said: 'there are a wide number of opportunities to invest in specialist real estate assets that generate stable returns and unlock capital for business owners in the gcc. the target sectors — logistics social infrastructure and community retail — are important contributors to the economic growth and development of the region as well as for job creation.

'combining global expertise with extensive experience in investing in the middle east pinebridge is well-placed to source robust investment opportunities tailored to suit sophisticated investors. we have an experienced regional real estate investment team with a proven transactional track recorand a sound understanding of assets with strong long-term potential."



due to the growth in demand for social infrastructure and warehousing facilities certain real estate investments in the region continue to offer investors appealing returns.

the fund will utilize these trends by investing in fully-developed income-generating properties with solid long-term leases and quality tenants.

the kingdom allocated 56 billion to education and training in the 2014 budget and 28.8 billion for health care and social affairs.

saudi arabia's k-12 student population is expected to increase from 4.9 million to 5.6 million by 2020. this indicates that private education operators will depart from the traditional owner-occupier model and will move toward partnering with real estate investors.

saudi arabia which comprises over two-thirds of the gcc's population is the region's largest spender on health care and has a genuine need for the development of specialist real estate assets such as polyclinics imaging and diagnostics laboratories and physiotherapy centers. these factors and trends present an attractive opportunity for real estate investors to partner with healthcare providers.

a uae-based school campus operated by gems education ltd. acquired by pinebridge investments middle east late last year in a sale-and-leaseback transaction is the seed asset for the fund.


 


Arab News




  MENA News Headlines
 Dec 10 2016 - Stress And Pain Reliever Hot Oil Massage In ManamaMENAFN Press
(MENAFN Press) MANAMA, BAHRAIN (December 09, 2016) - Our everyday life is full of stress and pressure, and people do not have the power to remove all the stress forever. People get a sandwich ...

 Dec 10 2016 - Saudi Oger debt plan hit by other creditor court movesMENAFN
(MENAFN) Sources said Saudi Oger's attempt to restructure around 13 billion riyals (USD3.5 billion) in debts have been dealt another blow after a second major creditor obtained a court order ...

 Dec 10 2016 - Qatar�s Dukhan project to be completed 95%MENAFN
(MENAFN) The Public Works Authority (Ashghal) announced completion of 95% of the project, the Dukhan Highway Central project will partly open to traffic from tomorrow, providing one-way exit to the ...

 Dec 10 2016 - Jordan to launch anti-corruption strategy for 2017-2025MENAFN
(MENAFN) According to the Jordan News Agency, Petra, Jordanian Prime Minister launched the "National Strategy for Integrity and Anti-Corruption 2017-2025", in pursuit of a national environment where ...

 Dec 10 2016 - Death of five in car crash: Court sentences three year jail and fineGulf Times
(MENAFN - Gulf Times) A Doha Criminal Court has sentenced a young man to three years in jail and imposed a fine of QR18,000 on him for reckless driving without a valid driving license, causing the ...

 Dec 10 2016 - Boating, water sports enthusiasts flock to QIBSGulf Times
(MENAFN - Gulf Times) The 2016 Qatar International Boat Show (QIBS'16), which concludes on Saturday, has been attracting both boating and water sports enthusiasts with a range of luxury boats, yachts ...

 Dec 10 2016 - Enter the winter: Room heaters, warm clothing sales pick upGulf Times
(MENAFN - Gulf Times) The demand for winter clothes and room heaters has started picking up in stores and hypermarkets as Qatar's residents start to feel the chill, especially at night, it is learnt. ...

 Dec 10 2016 - Qatar- HBKU to host information sessions for graduate studentsGulf Times
(MENAFN - Gulf Times) Hamad Bin Khalifa University (HBKU) will host a series of information sessions across its colleges from tomorrow until December 14. The graduate information sessions will ...

 Dec 10 2016 - Qatar- Strong winds, low visibility on SaturdayGulf Times
(MENAFN - Gulf Times) Strong winds are expected in most parts of the country on Saturday along with low visibility in some places and a cold night, the Qatar Met department has said. The weather ...

 Dec 10 2016 - Al-Muraikhi made UN humanitarian envoyGulf Times
(MENAFN - Gulf Times) Al-Muraikhi made UN humanitarian envoy QNA/New York UN Secretary General Ban Ki-moon on Thursday announced the appointment of Dr Ahmed bin Mohammed al-Muraikhi of Qatar as his ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help