Thursday, October 22, 2020

We’d Love To Get Pulled Over By This C8 Corvette Cop Car

Police departments throughout the world often like to have their so-called halo cars. In Italy, they have been privileged enough to acquire a Lamborghini...

Dubai’s Rasmala completes acquisition of DuPont office, biomedical lab for $39mln

Dubai-based Rasmala has completed the acquisition of a biomedical laboratory and prime office real estate asset in the Netherlands for 33.5 million euros ($39.537 million).

The 72,000-square-foot property is located in Leiden Bio Sciences park, the largest life sciences cluster in the Netherlands and one of the top five science park hubs in Europe.

It was acquired through the Rasmala European Real Estate Income Fund, an open-ended long-income direct property fund that targets investments in the United Kingdom and Continental Europe.

The property was recently completed and is now fully let to Genencor International B.V, a biotechnology subsidiary of DuPont, one of the world’s largest producers of chemicals and science-based products.

The new asset was acquired as a forward purchase from Dura Vermeer.

Second investment

In a statement on Monday, Rasmala said the property is the second direct investment by the fund in the Netherlands, following the recent purchase of a logistics facility in Almelo, valued at 50 million euros and leased to Timberland.

Based in the Dubai International Financial Centre (DIFC), the alternative investment firm manages assets on behalf of Gulf-based investors including pension funds, family offices, corporations, endowments and financial institutions.

Commenting on the new investment, Zak Hydari, chief executive of Rasmala Group, noted that the company has added more than $1 billion of assets to its real estate portfolio over the last few years.

“This latest transaction reflects our ability to continue investing in high-quality assets,” he said.

(Writing by Cleofe Maceda; editing by Seban Scaria)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020

Latest Posts

for subscribers Emirates taking it one day at a time in SA in ‘capacity game’

Emirates is harnessing more technical and digital solutions and resources. Middle Eastern airline Emirates is taking it one day...

Abu Dhabi’s ADQ to invest $1bln to help retailer Lulu expand in Egypt

DUBAI - ADQ, a holding company owned by the Abu Dhabi government, said on Monday it has signed an agreement with regional retailer Lulu...

ArabyAds Announced its Acquisition of AdFalcon

Photo Caption: from L to R - Mr. Mohamed Khartabil & Mr. Mahmoud FathyOctober 2020; Dubai, UAE - ArabyAds, a leading advertising intelligence platform...

Ghaya Grand Hotel Celebrates Breast Cancer Awareness Month with Pinktober Spa and Wellness Offer

.dropdown { position: absolute; top: 10px; right: 0; } .dropdown .dropdown-toggle { background-color: #fff; border: none; outline: none; color: #858585; font-size: 13px; height:...

Don't Miss

Watch a Rolls-Royce Cullinan bash dunes in Dubai

Rolls-Royce <!-- --> The Rolls-Royce of SUVs has proved that it can get down and dirty with the best as it hurtles...

World’s largest fountain to open in Dubai

Dubai is hoping to set a new Guinness World Record for the largest fountain ever built, with water jets that reach 105m. The Palm Fountain...


Tuesday 13 October 2020, Dubai, United Arab Emirates #RollsRoyceCullinan #EffortlessEverywhere Luxury conveyance is no longer confined to an urban environment. As Rolls-Royce clients the...

Nike leads list of world’s most marketed brands

According to the World’s 50 Most Marketed Brands powered by Hookit Nike derived 461.9 million US dollars...

She Leads Accelerator Kicks Off, Inciting Encouraging Response from Participants

“Globally women are 51% of the population, yet only 33% of the startup population. She Leads is...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: