UAE - Mubasher: Masdar, a subsidiary of Mubadala Investment Company, has partnered with Emirates NBD Asset Management to provide management services to the UAE's first sustainable real estate investment trust, the Masdar Green REIT, according to the Emirates News Agency (WAM).

As a Qualified Investor Fund (QIF), the REIT was launched by Masdar in January 2020 to invest only in sustainable real estate projects.

Through private placement, the Masdar Green REIT attracts professional investors to a portfolio of stable and income-producing sustainable real estate assets.

The fund has received the approval of the Abu Dhabi Global Market's (ADGM) financial services regulatory authority to begin operations.

The Masdar Green REIT’s portfolio includes four commercial properties within Masdar City, which consume around 40% less electricity and water than comparable buildings in Abu Dhabi.

The Acting Executive Director of Sustainable Real Estate at Masdar City, Abdulla Balalaa, said: "The Masdar Green REIT is the first of its kind in the region and further demonstrates Masdar’s commitment to pioneering sustainable development."

The SEO of Emirates NBD Asset Management, Steve Corrin, remarked: "Investors are increasingly looking for ‘responsible’ investment opportunities and evaluate companies based on specific environmental, social and governance (‘ESG’) practices criteria."