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15-03-14

Fizzy to receive USD333m fund from UAE firm

(MENAFN) UK-based Fizzy announced that it has received a new capital commitment of USD333 million from an Abu Dhabi-owned company, Arabian Business reported. The company said the fund had come from an investment entity owned by the Abu Dhabi Investment Authority (ADIA). The investment will enable Fizzy to "proceed rapidly" towards building a large portfolio of quality private rental accommodation. Group chair of Thames Valley Housing, Fizzy's parent company, said: "As the PRS market is growing quickly with new players emerging all the time, it was a specific objective of ours for Fizzy to have access to a larger capital source within the first two years of operation."