Institutional investments are flowing into the regional real estate sector, with news of two regional institutional players also planning to deploy funds in GCC real estate assets.
#1- Bahrain’s Arcapita launches platform for GCC industrial assets: Bahrain-based alternative asset management firm Arcapita Group launched Lintara Properties, a new real estate asset management, development, and advisory platform focused on the UAE, Saudi Arabia, and Bahrain, according to a company statement. The platform will be led by CEO Isa Husam Al Khalifa (LinkedIn), formerly Arcapita’s MENA real estate director.
The details: Lintara will manage Arcapita’s existing and future GCC industrial real estate funds, including its current USD 1 bn logistics and industrial portfolio spanning more than 30 properties and 80 tenants, as well as a pipeline of industrial parks in Saudi Arabia and the UAE. It will oversee the full cycle from design and development to construction, leasing, and asset management.
REMEMBER- Arcapita has a foothold in Saudi: The Sharia-compliant real estate and private equity player is set to develop operate a modern class-A logistics complex in Riyadh, under an agreement signed with Alsulaiman Group ’s supply chain arm Flow Progressive Logistics in December 2024.
#2- Kuwait-based Arzan Investment Management (AIM) lined up financing from Oaktree Capital Management-backed funds to ramp up acquisitions of hospitality assets across big cities in the GCC, including Dubai according to a press release, which did not disclose the value of the facility.
War chest: The private credit commitment will give Arzan the firepower to buy more hotel and real estate assets across Gulf cities, building on two Dubai hospitality transactions valued at about USD 400 mn and a USD 1 bn regional pipeline. The story got ink in Bloomberg.