DUBAI- Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market, has led a consortium of investors to fully acquire Kent College Dubai campus through its subsidiary Al Mal Capital in a sale and leaseback transaction. Dubai Investments is the anchor shareholder in the transaction.
The campus has been leased back to the operator for a long term period on a triple net basis to manage and operate the institution. Al Mal Capital structured the transaction along with its co-investment partners. The acquisition is part of Dubai Investments strategy to acquire income-generating real estate assets with a strong focus to expand its presence in the education sector.
"This is a landmark transaction for Dubai Investments as the company enters a new chapter in its long and successful history. The focus is on building its private equity and real estate investment activities in the coming years. This transaction allows Dubai Investments to build on its institutional presence in the real estate sector," said Khalid bin Kalban, Managing Director and CEO of Dubai Investments.
Kent College Dubai is a premium K-12 British curriculum institution with 2,200 student capacity located in the Nad Al Sheba area of Dubai, UAE. It started its operations in 2016 and is spread over an area of over 560,000 sq. ft. Kent College Dubai is the first international campus of Kent College Canterbury from UK, a 130 years old education institution.
Copyright Emirates News Agency (WAM) 2017.
The campus has been leased back to the operator for a long term period on a triple net basis to manage and operate the institution. Al Mal Capital structured the transaction along with its co-investment partners. The acquisition is part of Dubai Investments strategy to acquire income-generating real estate assets with a strong focus to expand its presence in the education sector.
"This is a landmark transaction for Dubai Investments as the company enters a new chapter in its long and successful history. The focus is on building its private equity and real estate investment activities in the coming years. This transaction allows Dubai Investments to build on its institutional presence in the real estate sector," said Khalid bin Kalban, Managing Director and CEO of Dubai Investments.
Kent College Dubai is a premium K-12 British curriculum institution with 2,200 student capacity located in the Nad Al Sheba area of Dubai, UAE. It started its operations in 2016 and is spread over an area of over 560,000 sq. ft. Kent College Dubai is the first international campus of Kent College Canterbury from UK, a 130 years old education institution.
Copyright Emirates News Agency (WAM) 2017.
