Masdar Green Fund strengthens its portfolio by acquiring new properties for 934 million dirhams

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, has announced the completion of the acquisition of AED934 million worth of properties.

The fund said in a statement released on Monday that under the latest deal, the value of its real estate assets portfolio reaches AED 1.91 billion, with more assets encouraging investment in the future.

And ‘Masdar Capital Management Limited’, the fund manager, revealed the acquisitions during Abu Dhabi Financial Week, and this after the fund signed a $200 million financing deal 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 Abu Dhabi Future Energy Company “Masdar” as an investment vehicle to enable professional investors to invest in a portfolio of professionally managed, sustainable and 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 properties have been 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 has demonstrated that sustainable property development is an attractive investment opportunity as well as being environmentally responsible.

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