Abu Dhabi energy firm Masdar launches green REIT in UAE - Reuters:
Abu Dhabi Future Energy Company (Masdar) said on Wednesday it was launching a sustainable real estate investment trust (REIT) with an initial valuation of between 950 million UAE dirhams ($259 million) and 1 billion dirhams.
The “green” REIT portfolio will initially include four commercial properties at Abu Dhabi’s Masdar city, the company, a subsidiary of Mubadala Investment Company, said in a statement.
It will cover more than 57 thousand square meters of net leasable area.
The first green REIT in the United Arab Emirates (UAE), it will be launched at Abu Dhabi Global Market, the statement said.
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