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Masdar and Emirates NBD partner to launch green REIT
Published by: Sandy Bhadare at 05 Feb 2021 A subsidiary of Emirati state-owned funding company Mubadala Investment Company has partnered with Middle.
A subsidiary of Emirati state-owned funding company Mubadala Investment Company has partnered with Middle East asset manager Emirates NBD Asset Management to launch a green real estate investment trust.
Mubadala’s subsidiary, Masdar, is a global renewable energy leader, also focused on sustainable urban development projects. It has been involved in a number of United Arab Emirates (UAE) clean technology, sustainable real estate and clean energy projects over the last 10 years.
Masdar, ENBD partner for services to green REIT
ABU DHABI, January 20, 2021 Abu Dhabi-based Masdar, a subsidiary of Mubadala Investment, has partnered with Emirates NBD Asset Management to receive management services for the UAE s first sustainable real estate investment trust – the Masdar Green REIT. Together, Masdar Capital Management, a recently established FSRA Regulated Fund Manager, and Emirates NBD Asset Management bring significant experience and expertise in sustainable real estate and property asset management to the partnership. Masdar announced it was launching the REIT, the first in the UAE to invest solely in sustainable real estate projects, during Abu Dhabi Sustainability Week (ADSW) in January last year. The Masdar Green REIT has been established at Abu Dhabi Global Market (ADGM) as a Qualified Investor Fund (QIF) and offers an attractive opportunity for professional investors through private placement to invest in a unique portfolio of stable, income-produc