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Article: Al Mal Capital launches real estate fund.(Al Mal Real Estate Fund)
- Article from:
- Middle East
- Article date:
- May 30, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Al Mal Capital, the UAE Investment Company, has announced the introduction of the Al Mal Real Estate Fund.
The Fund will be a closed-end vehicle, targeting investment in UAE and regional real estate, with a flexible mandate to look across sectors for value-oriented opportunities over a five year time frame. The Fund will be capped at a committed size of AED 200 million, with funds to be drawn from investors over the first 12 to 18 months.
Landmark Real Estate Investment Management (LRIM) will act as Investment Advisor to the Fund: setting strategy, handling acquisitions, implementing individual asset plans and executing disposals. LRIM is led by Chris ...