Abu Dhabi's pension fund inks $900m mega real estate deal with ADNOC

ADNOC has been bringing on board strategic partners across its assets
ADNOC firms ups its alliance with Abu Dhabi Pension Fund further, and continuing on the asset-based alliances it has struck with multiple institutional entities.
Image Credit: Supplied
Dubai: The Abu Dhabi Pension Fund has concluded its biggest real estate focussed deal to date with ADNOC. It is also the fund's third transaction with Abu Dhabi's energy giant.
Under the terms of the agreement, ADPF will acquire a 31 per cent holding in Abu Dhabi Energy Real Estate Company – Sole Proprietorship llc (Adrec) for $900 million. The latter company was created to hold ADNOC’s 51 per cent stake in Abu Dhabi Property Leasing Holding Co. RSC ltd.,

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