Peninsula Real Estate announces strategic investment by Fortinbras Enterprises

  • Date: 23-Jun-2023
  • Source: Zawya
  • Sector:Real Estate
  • Country:UAE
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Peninsula Real Estate announces strategic investment by Fortinbras Enterprises

Dubai: Peninsula PLC today announced a new strategic investment by Fortinbras Enterprises, via its affiliate fund, to support the company’s growth and deepen its impact on the commercial real estate market in Abu Dhabi, the UAE, and GCC. Peninsula Real Estate, founded in 2019 in Abu Dhabi and incorporated in the Abu Dhabi Global Market, is an internally managed real estate investment company focused on the office, industrial and logistics sectors. Peninsula seeks to capitalize of the burgeoning commercial real estate market in Abu Dhabi and across the UAE and GCC. Fortinbras Enterprises, a New York-based investment fund founded in 2021, focuses on credit and equity investments across capital structures. The fund is known for its meticulous approach to origination, valuation, and execution. The investment will support Peninsula’s continued growth across the real estate market in the UAE and GCC, specifically the acquisition, development, and management of office, industrial, and logistics properties. Asad Hussaini, Executive Vice Chairman Peninsula Real Estate, said, “The UAE is experiencing enormous growth, driving high and sustained demand for commercial real estate. Peninsula is closely aligned with Fortinbras in our shared focus on leveraging this growth to create significant returns for partners, and our shared commitment