Aberdeen Accommodation up for Sale
18th Mar 2019
Tadhamon Capital, a Bahrain-based investment company, has now officially sold its 253-bed property in Paris Gardens, central London.
The property was developed in a joint venture with McLaren property in July 2012, and investors of Tadhamon Capital saw a staggering 70% return on their capital within a 30-month period, according to a statement from the company.
The company have now turned their attentions towards south London, and have entered into an agreement with Apache capital for the development of a new student accommodation block in Kingston-Upon-Thames, which will include 210 studio rooms and almost 5000 sq ft of commercial space.
Currently, Tadhamon Capital have more than £350 million worth of assets under management and more than 1500 beds across London, Cambridge, Ipswich and Kingston. Yet they don't want to stop here - the company aims, over the next year, to increase its assets under management to more than £500 million.
CEO Ahmed Sultan said: 'We are delighted to announce both the completion of another successful exit and investment in the UK market. We have a strong pipeline of transactions which we are evaluating and look to build our current portfolio of assets across the GCC, UK and Turkey whilst also looking to expand into the US market and potentially parts of the Mena region.' Watch this space.
18th Mar 2019
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