Masdar Green REIT bolsters portfolio with Dhs934m acquisition – Gulf Today

Masdar Green REIT bolsters portfolio with Dhs934m acquisition – Gulf Today

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Masdar Green REIT, the UAE’s first Real Estate Investment Trust to invest solely in sustainable real estate assets, has concluded the acquisition of property worth Dhs934 million, taking its portfolio value to Dhs1.91 billion, with further assets identified for potential future investments.

The announcement, made by the fund’s manager Masdar Capital Management Limited (MCML)  at Abu Dhabi Finance Week, follows a US$200 million green loan secured from First Abu Dhabi Bank (FAB) in January to help finance the REIT’s growth.

Masdar Green REIT was established by Masdar as an investment vehicle for professional investors to invest in a professionally managed, sustainable, income-generating real estate portfolio in Masdar City.

The fund’s latest acquisitions include two fully occupied, LEED Platinum-rated buildings within Masdar City, Abu Dhabi’s pioneering sustainable community and innovation hub: the head office of Abu Dhabi Quality and Conformity Council, and Etihad