Dubai-based asset manager, neo capital, has expanded its global real estate portfolio after buying commercial property in the US and Europe.
The firm, which is based in the Dubai International Financial Centre (DIFC), has completed the purchase of a €45 million (US$53.6 million) office building in the Netherlands, which it has renamed its second acquisition in the country.
It has also acquired a multi-floor commercial property in Arlington, Virginia.
The two purchases bring neo capital’s portfolio close to $1 billion in assets under management, according to Deborah Watt, head of real estate investments at neo capital.
The investment is also a vote of confidence in the Netherlands as a gateway to Europe, said Watt who praised the country’s “access to 95% of Europe’s most lucrative consumers within 24 hours” as well as the country’s “sound governance, robust economy and superior infrastructure”.
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