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QInvest exits prime London property fundQatar’s leading Islamic investment bank QInvest said it has successfully exited St. Edmund’s Terrace LP Fund, a prime London Sharia’a residential real-estate fund, after netting 22 per cent returns for its investors. More… |
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Saudi group plans $751m Turkey property fundSaudi Arabia's Al-Bassam Group will set up a new fund worth 2 billion liras ($751.17 million) with Saudi Sumou Holding to invest in Turkey's real estate market, AlBassam Group's CEO said. "We are aiming to work wi More… |
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Abraaj mulls property fund hike to $250mDubai-based Abraaj Capital is looking to more-than-double a regional real estate fund to $250 million this year and is eyeing investments in Saudi Arabia's construction sector, its Principal said on Saturday. The first close of the fun More… |
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Al Rajhi, Arcapita launch $500m property fundAl Rajhi Capital, the investment arm of Saudi Arabia's Al Rajhi Bank, and Bahrain's Arcapita Bank have launched a $500 million Gulf property income fund to capitalise on falling prices, the firms said on Monday. The two companies w More… |
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Deyaar postpones $136m distressed fundDubai developer Deyaar has postponed a 500 million dirham ($136.1 million) distressed property fund after international investors withdrew 200 million dirhams previously committed, a local daily reported. The emirate's second-largest devel More… |
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Kuwait firm to tap China real estateA Kuwaiti investment firm affiliated to the Gulf state's sovereign wealth fund is eyeing stakes in fund and asset managers operating in China and plans to set up a Chinese property fund, a company executive said. Kuwait China Investment Co More… |
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Hines plans $1 billion UAE property fundInternational real estate firm Hines plans to set up a $1 billion distressed asset fund focusing on the United Arab Emirates, a company official was quoted on Saturday as saying. Jurgen Herre, Hines' head of Middle East and North Africa re More… |
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Saudi Bank eyes $53m for property fundSaudi private investment bank KSB Capital Group said it will raise SR200 million ($53.3 million) for a public closed-ended fund that will develop a property project in Riyadh. KSB expects a drop in construction costs to encourage private a More… |
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Aviva freezes withdrawals from property fundBritish insurer Aviva said it had temprarily frozen withdrawals from one of its property funds, blaming the increasing length of time it is taking to sell property assets. The move means that investors in the Norwich Union Unit-Linked Prop More… |
