The investment comprises nine freehold plots of land in the Al Quoz Industrial Area covering an area of approximately 630000 square feet. The logistics park is strategically located next to Al Khail Road, one of Dubai’s main transport arteries.
By the third quarter of 2016, the site will consist of ten completed warehousing facilities that will be under a long term master lease with a reputable UAE conglomerate. The investment will capitalize on Dubai’s growing logistics market and will offer premium warehousing facilities to tenants in one of Dubai’s most established and sought after industrial areas.
Atif A. Abdulmalik, Arcapita’s Chief Executive Officer, commented, “We continue to pursue investments in sectors where Arcapita’s management team has built significant expertise. We have managed over $8.1 billion in transactions across the global logistics market, including in the