UAE - Mubasher: Dubai-based neo capital, an advisory and asset management company, has acquired two major commercial properties in the US and The Netherlands.
The company has completed the acquisition of Shirlington Tower, a multi-floor commercial property in Arlington in Virginia, according to a press release on Wednesday.
In The Netherlands, the company purchased a commercial property at a total value of EUR 45 million (AED 193 million) from a Dutch real estate developer.
The new acquisitions have raised the company's assets under management to around $1 billion, according to the Head of Real Estate Investments at neo capital, Deborah Watt.
Watt added: "Our new acquisition in the Netherlands is precisely the type of development which meets neo capital’s rigorous portfolio requirements."