We are focused on buying grade “A” properties directly from asset owners on a “sale-leaseback” basis.
Sale-lease back structures are common in the developed markets in North America and Europe. Sale and Leaseback is a means by which occupiers of existing buildings can free up capital for reinvestment in their core business.
Investors purchase a real estate asset from current owners and simultaneously enter into a longer term lease to continue to utilize the asset.
The focus is on education, healthcare, industrial and logistics facilities in the GCC.
- Occupancy: Single-tenant – high quality financially stable tenant or portfolio of tenants
- Purchase Price: $50 million to $100 million
- Locations: GCC
- Property Types: Education, Healthcare, Industrial, retail, offices, warehouse/distribution, worker accommodation
Leading global consultant JLL identified sale-leaseback as a key trend in the Gulf real estate market in their report “Key Trends in the Gulf 2016”
There are fundamental criterion Equity-i seeks from our real estate investments:
LOCAL KNOWLEDGE
Project partners with a deep understanding of the local market
STABLE CASH FLOWS
Underpinned by strong credit worthy tenants
YIELD
Cash on cash yield minimum threshold of 7% p.a.
TRIPLE NET LEASES
We are financial investors
STRONG UNDERLYING CONTRACTS
REVENUES ARE UNDERPINNED BY STRONG UNDERLYING LEASE CONTRACTS
FREE HOLD VS LEASE
This will be evaluated on a case by case basis depending on risks & rewards
first avenue mall and hotel
(famh)
Co-owned EIMP sister company Novo Urban envisaged the concept for FAMH, negotiated with Union Properties, master developer, conducted full feasibility, and packaged the whole concept and sold it to one of its UHNW Saudi investors. Currently the mall and hotel are under construction. Completion Q2 2017.
Crowne plaza
(cp), dubai marina
Co-owned EIMP sister company Novo Urban is the Construction Manager and Client Rep for CP. It has fully authority granted by the client and has created value through multiple value engineering consultations that has been highly commended by its Clients. Expected completion Q4 2017
FINANCING FOR ICON TOWER
1 AND 2 JLT
EIMP managers exclusively advised Mazaya Real Estate on the sale of Icon Towers 1 and 2 and arranged full equity financing from Dubai – based investors for a total transaction size of AED 550m. Towers were later sold – down and run at high occupancy.
first avenue mall and hotel
(famh)
Co-owned EIMP sister company Novo Urban envisaged the concept for FAMH, negotiated with Union Properties, master developer, conducted full feasibility, and packaged the whole concept and sold it to one of its UHNW Saudi investors. Currently the mall and hotel are under construction. Completion Q2 2017.
Crowne plaza
(cp), dubai marina
Co-owned EIMP sister company Novo Urban is the Construction Manager and Client Rep for CP. It has fully authority granted by the client and has created value through multiple value engineering consultations that has been highly commended by its Clients. Expected completion Q4 2017
FINANCING FOR ICON TOWER
1 AND 2 JLT
EIMP managers exclusively advised Mazaya Real Estate on the sale of Icon Towers 1 and 2 and arranged full equity financing from Dubai – based investors for a total transaction size of AED 550m. Towers were later sold – down and run at high occupancy.