{"id":32441,"date":"2016-10-31T23:24:19","date_gmt":"2016-10-31T16:24:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=32441"},"modified":"2016-10-31T22:22:18","modified_gmt":"2016-10-31T15:22:18","slug":"emirates-reit-owner-equitativa-to-build-up-assets-in-abu-dhabi-property-funds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-reit-owner-equitativa-to-build-up-assets-in-abu-dhabi-property-funds\/","title":{"rendered":"Emirates Reit owner Equitativa to build up assets in Abu Dhabi property funds"},"content":{"rendered":"


\nThe company behind the UAE’s first real estate investment trust (Reit) in Dubai is pressing ahead with plans to launch new property funds in Abu Dhabi and looking to expand its model to Saudi Arabia.Equitativa Real Estate, the umbrella company that owns the Reit manager for Nasdaq Dubai-listed Emirates Reit, said yesterday that it was looking to purchase assets to put into four new property funds which it intended to list in the UAE.The company, which recently set up an asset management branch in Abu Dhabi’s new fin\u00adancial free zone Abu Dhabi Global Market, has established four new funds; Hospitality Property Fund, Logistics Fund, The Residential Reit and Sportativa.Equitativa said that the new funds, which are expected to focus on purchasing hotels, warehouses, homes and sporting assets, would not compete with Emirates Reit, which currently specialises in owning and operating a portfolio mainly comprising offices and schools in Dubai.”Through Equitativa we have started new Reits in Abu Dhabi,” said Sylvain Vieujot, chief executive of Emirates Reit Management, the company which manages Emirates Reit. “The idea for all the Reits we are doing is initially to start building a portfolio, earn a track record and once we have this to look at the market.”Last week investment man\u00adager Abu Dhabi Financial Group revealed plans to manage Dh375 million Goldilocks Investment Company, which rather than being traded on the country’s existing exchanges, is expected to be traded on a new platform currently being set up by ADGM.Mr Vieujot said that it was too early to decide on which of the UAE markets the company would float the new Abu Dhabi- based funds.”There are many opportunities to float them in the UAE,” he said. “There are several markets here. The situation can change between now and then, so we don’t have any fixed plan on the specific markets.”Equitativa also said that it was considering establishing a new Reit in Saudi Arabia following the government’s decision earlier this year to allow real estate investment trusts to operate in the kingdom, potentially opening up a huge and lucrative market to investors.Yesterday the Saudi Capital Market Authority issued the country’s first rules regulating the way in which Saudi Reits operate.”We are looking very carefully at this market in terms of regulation, in terms of potential partners for us and also in terms of the market itself which is a bit on a turning point at the moment,” Mr Vieujot said. “We think it can be very interesting but until today we have not done anything in Saudi.”The news came as Emirates Reit reported that third-quarter net profit edged up 4 per cent compared with a year earlier, despite a slowing Dubai office market.Emirates Reit reported that net profit for the three months to the end of September 2016 rose to US$11.3 million, up from US$10.9m a year earlier.The Nasdaq Dubai-quoted company reported a 22 per cent boost to net rental income for the period to US$8.9m as the real estate investment trust rented out further office space at its biggest asset, Index Tower in DIFC.lbarnard@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Emirates Reit owner Equitativa to build up assets in Abu Dhabi property funds<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company behind the UAE’s first real estate investment trust (Reit) in Dubai is pressing...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-32441","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8rf","jetpack-related-posts":[{"id":32433,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/equitativa-to-launch-abu-dhabi-property-funds\/","url_meta":{"origin":32441,"position":0},"title":"Equitativa to launch Abu Dhabi property funds","date":"October 31, 2016","format":false,"excerpt":"\r The company behind the UAE's first real estate investment trust (Reit) in Dubai is pressing ahead with plans to launch new property funds in Abu Dhabi and looking to expand its model to Saudi Arabia.Equitativa Real Estate, the umbrella company that owns the Reit manager for Nasdaq Dubai-listed Emirates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51721,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-financial-group-plans-flotation-of-dh3-billion-reit-this-year\/","url_meta":{"origin":32441,"position":1},"title":"Abu Dhabi Financial Group plans flotation of Dh3 billion Reit this year","date":"April 13, 2017","format":false,"excerpt":"\r Abu Dhabi Financial Group (ADFG), an alternative investment company with US$5 billion in assets, plans to float a real estate investment trust by the end of the year.In a statement the company said that it had set up its own it comprising 10 properties.ADFG, which made headlines over the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-first-residential-reit-launched\/","url_meta":{"origin":32441,"position":2},"title":"UAE's first residential Reit launched","date":"February 6, 2017","format":false,"excerpt":"\r The UAE's first residential real estate investment trust (Reit) has been established to tap improving yields after two years of price declines.The company behind Emirates Reit has teamed up with Al Hamra Real Estate Development and National Bonds to create the investment trust that will comprise about 500 homes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-reit-to-develop-canadian-school-in-dubai-investments-park\/","url_meta":{"origin":32441,"position":3},"title":"Emirates REIT to develop Canadian school in Dubai Investments Park","date":"September 28, 2016","format":false,"excerpt":"\r Emirates Reit has secured a lease on a 25,000 square metre plot in Dubai Investments Park on which it is planning to build a new school.The real estate investment trust said that the school would cost about Dh88 million to develop. Its deal will be a sale and leaseback\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27608,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-reit-to-develop-canadian-school-in-dubai-investments-park-2\/","url_meta":{"origin":32441,"position":4},"title":"Emirates Reit to develop Canadian school in Dubai Investments Park","date":"September 28, 2016","format":false,"excerpt":"\r Emirates Reit has secured a lease on a 25,000-square-metre plot in Dubai Investments Park on which it is planning to build a school. The real estate investment trust said that the school would cost about Dh88 million to develop. Its deal will be a sale and leaseback agreement with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29673,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ras-al-khaimah-clears-equitativa-to-invest-in-emirates-onshore-property\/","url_meta":{"origin":32441,"position":5},"title":"Ras Al Khaimah clears Equitativa to invest in emirate's onshore property","date":"October 12, 2016","format":false,"excerpt":"\r The company behind the UAE's first real estate investment trust (Reit) is finalising plans for a series of new funds after the Government of Ras Al Khaimah allowed it to invest in onshore property in the emirate. According to Equitativa Real Estate, the umbrella company that owns the Reit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32441"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=32441"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32441\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}