Jadwa REIT Saudi comprises 5 assets worth SAR 1.55 bln
Jadwa REIT Saudi Fund’s (Jadwa REIT Saudi) said its asset base comprises five real estate assets worth SAR 1.55 billion, located in Riyadh, Dammam and Al-Khobar.
The REIT is being floated on initial public offering (IPO) in Saudi stock market and subscription is open till Jan. 23. The fund targets a net return of 7.3 percent annually.
The fund's assets include offices, residential units, warehouses, hotels and retail space, the listing memo showed.
|
Property Description |
|||||
|
Description |
Location |
Segment |
Space (000’ m²) |
Building area (000’ m²) |
Leasing Term |
|
Marvela residential compound |
Riyadh |
Residential - Commercial |
73.2 |
158.7 |
5 |
|
Al Maarefa College |
Riyadh |
Educational |
18.1 |
41.8 |
20 |
|
Al Solay Warehouse |
Riyadh |
Warehouses, offices, shops |
218.9 |
143.4 |
5 |
|
Al Yaum newspaper tower |
Dammam |
Commercial, offices |
4.8 |
39.2 |
7 |
|
Al Fanar Compound |
Al Khobar |
Residential, Commercial |
62.5 |
45.0 |
8 for residential, 5 for commercial |
The fund's assets will be assessed semiannually, by accredited assessors from Saudi Authority for Accredited Valuers (Taqeem). Initial valuation was conducted by ValuStrat and White Cubes Co.
|
Asset Valuation |
|||||
|
Property |
ValuStrat |
White Cubes |
Average |
Purchase price |
Asset purchase price – average valuation (%) |
|
Marvela residential compound |
645.2 |
645.0 |
645.1 |
606.0 |
(6.1%) |
|
Al Maarefa College |
220.7 |
228.5 |
224.6 |
200.0 |
(11.0%) |
|
Al Solay Warehouse |
235.3 |
276.0 |
255.7 |
221.7 |
(13.3%) |
|
Al Youm newspaper tower |
288.9 |
318.0 |
303.5 |
275.0 |
(9.4%) |
|
Al Fanar residential & Commercial Compound |
259.7 |
268.3 |
264.0 |
243.9 |
(7.6%) |
|
Total |
1,649.8 |
1,735.8 |
1,692.8 |
1,546.6 |
(8.6%) |
Market Indices
Quotes
About Us
Join Us
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}