Arcapita has more than $1 billion in industrial real estate assets under management
Arcapita Plans $1 Billion REIT for Middle East Property Portfolio
Arcapita Group Holdings, a global alternative investment firm based in Bahrain, is strategizing the launch of a real estate investment trust (REIT) for its Middle Eastern property assets, estimated to be worth $1 billion, according to a recent news report.
Sources cited by Bloomberg indicate that financial institutions have been approached to facilitate the establishment of the REIT. However, as the initiative is still in its preliminary phases, the company is also evaluating alternative strategies for its property portfolio. Additional specifics regarding the plan have not yet been disclosed.
Arcapita anticipates sustained demand for real estate, particularly in the Gulf region, driven by robust oil prices.
In collaboration with Danish logistics giant DSV, the firm has begun the development of a 30,000-square-meter warehouse in Dubai. Construction officially commenced on Tuesday, with an expected completion timeline of 11 months.
Since 2010, Arcapita has expanded its real estate platform to encompass over 30 properties spanning a total of 3.5 million square feet, accommodating more than 80 tenants.
Currently, the company oversees an industrial real estate portfolio exceeding $1 billion in assets under management.
