|15 January, 2020

Abu Dhabi energy firm Masdar launches Green REIT in UAE

The green REIT portfolio will initially include 4 commercial properties at Abu Dhabi's Masdar city

Image used for illustrative purpose. Wind turbines are pictured on a barren mountain at Shenjing Village on July 2, 2018 in Zhangjiakou, Hebei Province of China. The installed capacity of renewable energy electricity generation in Zhangjiakou has reached 12.03 million kilowatts.

Image used for illustrative purpose. Wind turbines are pictured on a barren mountain at Shenjing Village on July 2, 2018 in Zhangjiakou, Hebei Province of China. The installed capacity of renewable energy electricity generation in Zhangjiakou has reached 12.03 million kilowatts.

Getty Images/VCG

ABU DHABI  - Abu Dhabi Future Energy Company (Masdar), a subsidiary of Mubadala Investment Company, said on Wednesday it was launching a sustainable real estate investment trust with an initial valuation of between 950 million UAE dirhams ($258.7 million) and 1 billion dirhams.

The green REIT portfolio will initially include 4 commercial properties at Abu Dhabi's Masdar city, a statement by the company said.

(Reporting by Dahlia Nehme, Writing by Maha El Dahan Editing by Louise Heavens) ((Maha.Dahan@thomsonreuters.com; + 9712 4082101; Reuters Messaging: maha.dahan.thomsonreuters.com@reuters.net))

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