Property Finder raises USD 90 mn to fund BECO’s exit: Real estate platform Property Finder secured USD 90 mn from US-based Private Equity firm Francisco Partners to buy out Beco Capital’s stake in the platform, Bloomberg reports. Beco Capital — Property Finder’s first institutional investor — exited Property Finder “with a strong return on investment,” providing no further details on the transaction.

The transaction marks Francisco Partners’ first investment of its kind in the Emirates, signaling continued foreign investor interest in the UAE’s real estate market.

Property Finder — currently valued at around USD 1 bn, making it one of the region’s unicorns — is looking to expand into Saudi Arabia and Turkey after having expanded operations in Qatar, Bahrain, and Egypt. The real estate platform

Lahyani sees “hyper-growth” in the UAE’s property market coming to an end: “A real estate market that grows at 50% is not going to be sustainable for the long run and everybody knows that. What we’re seeing right now is a transition from a hyper growth market to a market that is going to continue to grow but in a more sustainable way,” he said.

Advisors: JPMorgan & Chase Co. and White & Case served as advisers to Property Finder on the transaction.

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