Bahrain's Arcapita buys Dubai warehouses for $150m | UAE News Bahrain's Arcapita buys Dubai warehouses for $150m | UAE News
Now Reading
Bahrain’s Arcapita buys Dubai warehouses for $150m

Bahrain’s Arcapita buys Dubai warehouses for $150m

Arcapita also bought eight warehouses in Dubai’s Al Quoz area last year


Bahrain-based investment firm Arcapita said on Tuesday it had acquired a portfolio of 10 warehouses in Dubai for approximately $150m.

The facilities occupy an area exceeding 1.2 million square feet and are primarily located in Dubai Investment Park, according to the firm.

Roughly 60 per cent are held in long-term leases with the remainder mixed-use facilities occupied by local and regional tenants.

They add to eight warehouses Arcapita bought in the Al Quoz area of Dubai last year bringing its total logistics portfolio in the UAE to $250m.

The firm said it was interested in acquiring assets in close proximity to Al Maktoum International Airport, the Expo 2020 site, and Dubai’s major transport and logistics arteries.

“We aim to capitalise on the burgeoning logistics sector of the UAE, which is increasingly being driven by the growth of e-commerce and the increase in regional trade to create a diversified logistics platform that covers the entire spectrum of the sector and deliver a stable yield and compelling returns for our investors,” said Atif Abdulmalik, Arcapita’s CEO.

Chief investment officer Martin Tan said the investment could be exited through a real estate investment trust listing on a regional bourse in the future.

Arcapita’s other recent investments include $110m in a portfolio of three housing schemes in the US last November.

Read: Bahrain’s Arcapita buys US senior citizen housing for $110m


Scroll To Top