In March 2017, Arcapita acquired a portfolio of income-generating logistics assets in Dubai, UAE. The portfolio comprises 11 warehousing facilities occupying a total built-up area of over 1.2 million square feet, primarily in Dubai Investments Park, the largest integrated mixed-use industrial, commercial and residential zone in the Middle East. As Dubai continues to consolidate its position as the Middle East’s commercial and logistics hub, Arcapita is utilizing its sector knowledge to acquire assets that are located in close proximity to Al Maktoum International Airport, the Expo 2020 site, and Dubai’s major transport and logistics arteries.
Sector: | Real Estate, Industrial & Logistics |
Region: | Middle East |
Investment Date: | 2017 |