Arcapita Launches $500 Million Logistics Fund in KSA
The fund saw participation from a leading sovereign wealth fund from the GCC region alongside other major institutional investors.
Bahrain-based Arcapita Capital Company, a subsidiary of Arcapita Group Holdings Limited, has unveiled the KSA Logistics Fund III, closing at SAR 1.8 billion ($500 million). The fund saw participation from a leading sovereign wealth fund from the GCC region, along with other major institutional investors.[1]
Arcapita has directed a significant portion of the fund towards a diverse portfolio of industrial real estate assets spanning the manufacturing and warehousing sectors. In the months ahead, the company aims to continue deploying capital into strategically located assets across Riyadh, Jeddah, and the Eastern Province. Notably, Arcapita intends to adopt a built-to-suit approach, developing properties with long-term off-take arrangements with tenants.
It has a management team boasting a track record of managing over SAR 24.3 billion ($6.5 billion) in industrial and logistics real estate transactions globally, including SAR 5.6 billion ($1.5 billion) in the GCC region, over the past 25 years. Furthermore, the group has demonstrated a strong investment presence in the kingdom, with investments totaling nearly SAR 1.5 billion ($400 million) over the past decade.