Property Fund
Arab Bank Europroperty Fund LP:
This Fund was launched in 2004 as a vehicle for investors to gain exposure to the European property markets.
By investing in geographically diverse markets and across property asset classes such as logistics and office premises, the Fund has succeeded in generating generous cash-on-cash yields for its investors with the possibility of a capital gain once the Fund matures.
The Fund has acquired properties in Belgium Germany & The Netherlands, with a total leveraged value of EUR102M to date and a further EUR23M will be acquired during the first quarter of 2005.
Key Features:
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Investment in stabilized European properties with relatively low risk
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High current income projected in excess of 7.5% p.a.
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Excellent risk adjusted returns with IRR projected in excess of 10% p.a.
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Proven manager (Catella) with excellence track record
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Diversification by country and by sector (only western Europe)