UAE-based Ento Capital launches UK property investment fund
UAE-based Ento Capital has launched the Al Rajhi Legacy Fund, a USD50 million UK property investment fund.
The Al Rajhi Legacy Fund is a closed ended fund with committed capital from members of Saleh Al Rajhi Family. It is incorporated in the Dubai International Financial Centre (DIFC) and registered as an Exempt Fund under the laws of the Dubai Financial Services Authority (DFSA). The fund plans to acquire and accumulate a diverse portfolio of real estate assets, predominantly in the United Kingdom. The aim of these acquisitions is to generate rental income and capital appreciation.
As per fund details, the Fund manager will actively manage the real estate assets as well as invest in the wider real estate markets in countries in Europe.
Hayssam El Masri, Senior Executive Officer, ENTO Capital Management says: “We are pleased to be launching this Fund which will invest its net assets, plus the amount of any borrowing for investment purposes in different sectors of real estate income generating properties as well as in REITs ( Real Estate Investment Trusts).”
The USD50 million, fund, which is open to corporations, high net worth individuals and family offices, holds a diversified portfolio of properties with attractive investment fundamentals. It also looks to add substantial value through the professional management of the property portfolio with annual dividend distributions. El Masri says the investment is open to professional investors over the investment period, providing them the flexibility of trading units without any lockup period after initial closing hence offering the privilege to our fund investors.
The UK properties’ market is attractive and growing. According to Savills one of the world's leading property agents: “UK property prices will increase by 20.4 per cent, with an even higher growth of 27.3 per cent expected within the North West region." Savills' five-year house price forecast predicts UK prices to grow 15 per cent on average by 2024.
Knight Frank, a reputable real estate company, has stated that residential property market has hit new highs ahead of second national lockdown. There were 105,630 UK residential transactions in October of 2020, 8 per cent higher than October 2019 and 10 per cent higher than September 2020, according to provisional data from HMRC (HM Revenues and Customs).
ENTO Capital excels in asset management domain covering areas around corporate finance advisory and private equity, investing in ethical and Islamic investments in the Middle East. Experts in both conventional and non-conventional investment advisory, ENTO Capital is made of a resourceful leadership team with more than 60 collective years of investment banking and advisory experience.