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FINANCIAL NEWS
Arcapita obtains Dubai Logistics Park for USD 100mn
19 Apr 2016
(MENAFN) Arcapita Investment firm acquired a logistics park in Dubai for a whole transaction value of almost USD 100mn, which covers nine freehold plots of land.
Furthermore, the company managed more than USD 8.1bn in transactions via the global logistics market, involving the United States, Europe and the GCC.
In addition, the firm currently exited a USD 360mn fund, ARC Real Estate Income Fund I, which focused on investing in the UAE and KSA’s logistics market.
The company’s investment will capitalize on Dubai’s growing logistics market and will provide premium warehousing facilities to tenants in one of Dubai’s industrial areas.
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