Abu Dhabi Investors fund to invest in European real estate
Abu Dhabi Investors The National Bank of Abu Dhabi (NBAD) and British Investment bank Evans Randall will invest about $20 million in a European property fund, the Reuters is reporting.
The joint venture, which will have a target size of $500 million, will focus on the UK and German markets. It will provide "mezzanine" financing (which ranks below senior debt and above equity) filling the gap which has been created by the change in the banking market. They have originally signed their MOU on December last year, so they seem serious about it.
(To see more Middle Eastern investors in real estate like National Bank of Abu Dhabi check our investors list)
July 27, 2009 | Filed under Abu Dhabi Investors
Previous Post: Aabar Investments and Austrian firm establishing joint investment company
Next Post: Dubai private equity director's article on investing in real estate in MENA