Abu Dhabi – Mubasher: The Masdar Green Real Estate Investment Fund, the first of its kind in the UAE dedicated to investing in sustainable real estate assets, announced the completion of the acquisition of real estate worth AED 934 million.
The fund stated in a statement issued today, Monday, that with the latest deal, the value of its real estate assets portfolio reaches 1.91 billion dirhams, with more assets encouraging investment in the future.
And “Masdar Capital Management Limited”, the fund’s manager, revealed the acquisitions during Abu Dhabi Financial Week, and this comes after the fund signed a $200 million financing agreement with First Abu Dhabi Bank last January with the aim of developing its portfolio of projects.
The Masdar Green Real Estate Investment Fund was established by the Abu Dhabi Future Energy Company “Masdar” as an investment tool to enable professional investors to invest in a portfolio of professionally managed, sustainable, income-generating real estate assets in Masdar City.
The Fund’s recent acquisitions include two fully occupied LEED Platinum-rated buildings in Masdar City, as well as the acquisition of the LEED Gold-rated Institute of Technology Innovation headquarters.
These three assets were rated “3 Pearls” according to the Estidama Pearl Rating System for Buildings in Abu Dhabi.
Anthony Taylor, Senior Executive Officer at Masdar Capital Management Limited, noted that this second phase of expansion demonstrated that sustainable real estate development is an attractive investment opportunity in addition to being environmentally responsible.