News

Sedco Capital ties up European real estate deal

Office_buildingsSaudi asset manager Sedco Capital has concluded a European real estate investment worth $179 million. The deal, carried out by Sedco Capital UK, includes three properties in France and the UK. The French property, Sedco’s first investment in the country, is a 9,800-square-metre multi-let office which is currently the headquarters of Italian energy company ENI. The UK properties are a 25-acre, $42 million distribution site in Yorkshire and a 4.7-acre office complex in Bracknell, for which Sedco paid $46.3 million. “Europe is an important region for Sedco Capital’s long-term macro investment strategy and we strongly believe in both the French and UK markets to deliver attractive yields and sustained growth,” said Sherif Selim, head of global real estate, Sedco Capital. ©2018 funds global mena

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