Saudi Arabia’s Al-Ma’athar REIT to acquire UAE’s Burjeel hospital for $27.2mln

The buildup area spans 16,758 square meters with an annual rental value of $2.17mln

  
Burjeel Day Surgery Center Abu Dhabi

Burjeel Day Surgery Center Abu Dhabi

Burjeel / Handout via Zawya
Saudi Arabia’s Al-Ma’athar REIT has signed an agreement to acquire the Burjeel hospital building in Sharjah, UAE, for 100 million dirhams ($27.2 million).

The non-binding agreement will expire on Dec. 12, the fund’s manager Osoul and Bakheet Investment, said in a bourse filing.

The buildup area spans 16,758 square meters with an annual rental value of 8 million dirhams.

The transaction is seen to boost the fund's portfolio.

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