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FinancialNews


  • 15-04-17

    Abu Dhabi Financial Group to launch Etihad REIT

    (MENAFN) According to Abu Dhabi Financial Group, ADFG, they announced the launching of Etihad REIT, a Sharjah real estate investment trust, which includes a seed portfolio of 10 income producing assets situated in the UAE.

    Also, it is expected to raise further capital through an initial public offering, IPO, on a stock exchange in the UAE at an appropriate time and subject to regulatory approvals.

    Moreover, the 10 properties invested by Etihad REIT's founding shareholders, include Eshraq Properties, make up the mixed-use portfolio, and are situated in well-established locations across the UAE.

    Fawad Tariq-Khan, Director, Investments at ADFG, said: "With the UAE real estate sector maturing while maintaining strong investor appetite, we believe that now is the perfect time to enter the market with Etihad REIT. Its existing portfolio is both well balanced, with the high occupancy rates providing impressive income returns."

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