Mubadala Real Estate looks to part sell #UAE assets - The National

Mubadala Real Estate looks to part sell UAE assets - The National:

Mubadala Real Estate and Infrastructure, the property investment arm of Abu Dhabi’s strategic firm Mubadala Investment Company, is looking to monetise UAE assets through partial sales or launching a real estate investment trust (Reit) after it finishes a portfolio valuation process this year, a senior company executive said.

“It may be a partial sale to third-party private sector investors or we list them [assets] on a Reit,” Ali Eid Al Muheiri, executive director of the firm told The National in an interview at Cityscape Abu Dhabi. "I think in 2019, we will be in a position to decide how we are going to monetise our assets.”

Mubadala Real Estate has had informal discussions with potential investors and hasn’t yet done a “market-sounding exercise”. The initial response for partial sales has been very positive, he noted.