Saudi Arabia's Arbah Capital buys US portfolio

Acquired a $43mln diversified portfolio of five US industrial assets


MANAMA: Arbah Capital has acquired a $43 million diversified portfolio of five US industrial assets in partnership with Brennan Investment Group (BIG), acting as co-investor and asset manager.

BIG manages over 42m square feet of industrial space in the US across 30 states, and maintains an occupancy of over 95 per cent.

On sold transactions, it has a track record of over 40pc internal rate of return.

The portfolio acquired by Arbah includes Tesla, AT&T and Walmart as tenants.

According to reports from advisers like CBRE and JLL, the US industrial sector has remained resilient during the Covid-19 pandemic.

There have even been signs of upward pressure on pricing due to an increasing forecast for demand in the US Industrial sector, driven by the move to online shopping, the realisation that just-in-time stocking levels pose a risk in periods of shock, and the need to reduce reliance on offshore manufacturing especially in China.

Arbah Capital chief executive Mahmood Al Kooheji said, “It is these types of investments which will broaden the value creation prospects for our investors within the international market and contribute to our becoming a leading investment bank in the region. This investment enhances Arbah’s strategic alliances and relationships which further supports its position as an international gateway to the Saudi Arabian and the regional investors market.”

“We are currently working to acquire a core social infrastructure asset in the US, another income producing product in a very defensive sector, introducing purpose-built student housing in Saudi Arabia, and looking to soon launch a commodity murabaha fund which will provide liquidity and excellent yield to investors. These products we believe are innovative and in defensive areas, which will provide investors with a degree of stability and comfort, at a time of such great volatility in other markets,” he added.

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