Equityone GCC Balanced Property Fund
Equityone’s GCC Balanced Property Fund is being designed to invest in commercial properties in the GCC region with a focus on the office, retail, logistics and leisure sector within the GCC’s major capital cities and areas supported by major infrastructural input.
The overall objective of the fund is to provide institutional investors and private investors the opportunity to invest in a well diversified property portfolio with above average returns within the GCC region. In the absence of an IPD GCC benchmark index the Fund’s benchmark is a return on equity of between 9 and 13% net of set-up costs, operational expenses but before performance fees and is anticipated to include a minimum income distribution of 5% p.a. The Fund’s target gearing ratio is 65% and will not exceed an aggregate of 70% with a target GAV of € 300 million and equity commitments of € 100 million.
Equityone GCC Fund of Property Funds
Equityone’s GCC Fund of Property Funds is being designed to provide a diversified exposure to exchange traded property securities and private real estate investments throughout the GCC region.
Potential investments will be selected on the basis that they represent good value on a relative pricing basis and provide an attractive risk-adjusted return. Listed property securities will be used to tactically re-weight the portfolio and provide a liquidity base to the Fund. The Fund’s benchmark target is an internal rate of return of is between 7 and 11% p.a. (leveraged). The Fund is targeting initial equity commitments of at least USD 100 million.
Equityone GCC Property Options Fund
Equityone’s GCC Property Options Fund is being designed to invest in new high profile commercial and residential development projects within the major capital cities in the GCC region.
The overall objective of the Fund is to provide institutional and sophisticated investors an opportunity to invest in a secured return, high yield specialist property options Fund. The Benchmark for the Fund is a return on equity of between 12 and 17% p.a.net of set-up costs and operational expenses but before performance fees. The Fund’s strategy is to provide developers with alternate construction financing mechanisms through ‘no premium’ options. The Fund’s target is to remain un-geared at the Fund level with equity commitments targeted at €100 million with an anticipated GAV of € 700 million.