Mubasher: Global Investment House has acquired, on behalf of clients, a property in the United Kingdom, dated 31 January, 2017.
“With over 70% of rental income being derived from the UK government under triple net leases that are subject to upward only inflation linked rent reviews, the Property is expected to deliver annualized cash dividends in excess of 10% to Global clients,” according to a recent statement.
This new acquisition has raised the current value of the overall acquired property to more than GBP 250 million.
These properties have successfully distributed an average annualized cash dividend of 8.9% to date, the statement pinpointed.
Global is a regional asset management and investment banking firm headquartered in Kuwait with offices in major capital markets across the MENA region.
“Investing via the London and GCC based platform enables investors to achieve speed of entry to the market together with the ability to deploy capital into fully visible assets,” according to senior vice president of real estate asset management at Global, Nasser Al-Khaled.
