Saturday, November 25, 2017

Dubai Investments unit buys British curriculum institution

Dubai Investments, a leading, diversified investment company in the UAE, led a consortium of investors to fully acquire Kent College Dubai, a premium K-12 British curriculum institution, through its subsidiary Al Mal Capital in a sale and leaseback transaction.

Dubai Investments is the anchor shareholder in the transaction.

The campus has been leased back to the operator for a long-term period on a triple net basis to manage and operate the institution. Al Mal Capital structured the transaction along with its co-investment partners, said the company in a statement.

The acquisition is part of Dubai Investments strategy to acquire income-generating real estate assets with a strong focus to expand its presence in the education sector, it added.

On the deal, Khalid bin Kalban, the managing director and CEO of Dubai Investments, said: "This is a landmark transaction for Dubai Investments as the company enters a new chapter in its long and successful history."

"The focus is on building its private equity and real estate investment activities in the coming years. This transaction allows Dubai Investments to build on its institutional presence in the real estate sector," he added.

Kent College Dubai is the first international campus of Kent College Canterbury from UK, a 130-year-old education institution, which began operations in 2016.

Spread over an area of more than 560,000 sq ft, the college is located in the Nad Al Sheba area of Dubai, UAE.-TradeArabia News Service

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