Global master developer Arada will launch Arada Capital, a new funds management platform to develop and manage institutional-grade investment opportunities across real estate asset classes in the Middle East and selected international markets.
To be based in the Abu Dhabi Global Market (ADGM), Arada Capital has received its In-Principle Approval (IPA) from the ADGM’s Financial Services Regulatory Authority (FSRA) and is in the process of seeking the final licensing approvals from the FRSA to act as a fund manager.
Following that approval Arada Capital’s funds will be designed to allow institutional and qualified investors to participate directly in Arada's pipeline and broader GCC real estate opportunities. The platform’s proposed target will be US$5 billion of assets under management (AUM) to be achieved over the four years after the fund has been established, said a statement.
Arada Capital will be chaired by Prince Khaled bin Alwaleed bin Talal, Executive Vice Chairman of Arada, and governed by an independent board. The platform is being established to provide investors with a structured, governed and institutionally credible route into the GCC real estate and infrastructure markets, which Arada believes represent a compelling long-term investment story.
Prince Khaled said: “Arada has spent nearly a decade building one of the most complete and vertically integrated real estate platforms in the world, and Arada Capital now allows institutional investors to be part of that story directly, gaining access to deal flow, expertise and governance that would be difficult to replicate elsewhere.”
To lead the platform, Arada has appointed Moustafa Fahour as Chief Executive Officer and Managing Director of Arada Capital.
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