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FINANCIAL NEWS
Saudi SEDCO Capital purchases USD145m US real estate
03 Jun 2015
(MENAFN) SEDCO Capital, Saudi Arabia’s asset manager, announced purchasing three real estate ventures in the US, totaling an estimated value of USD145.5m, a corporate statement said, Arabian Business reported.
In addition, SEDCO has bought Coral Landings III, which is a 176,575 square foot neighborhood retail center in Florida. The new deals mark an unprecedented forming of a joint venture with Madison Marquette for the Saudi firm.
“These new deals underscore our powerful partnerships across the US where we aim to not only continue our legacy, but also bring excellent investment opportunities to our clients,” an official said in a statement.
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