Dubai – Mubasher: Arzan Wealth Limited, regulated by the Dubai Financial Services Authority, has advised on the sale of a prime logistics warehouse in Oslo, Norway, leased to Onninen, according to a statement.
“This is Arzan Wealth’s third exit of 2017,” Arzan’s CEO Muhannad Abulhasan said, adding that “we have been able to exceed the return expectations of investors”.
While the initial projections at the time of acquisition were for a target internal rate of return (IRR) of 11.4%, the actual IRR rose over 15% after all taxes and fees.
