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SEDCO Capital exits SC Built-to-Suit Real Estate Fund I, delivers 41% net return

SEDCO Capital exits SC Built-to-Suit Real Estate Fund I, delivers 41% net return
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Riyadh – Mubasher: Global Shariah-compliant and ESG-led asset management and investment advisory firm SEDCO Capital has completed the exit of its SEDCO Capital (SC) Built-to-Suit Real Estate Fund I and delivered a 41% net return on invested capital.

SC Built-to-Suit Real Estate Fund I commenced operations in mid-2018, acquiring two education-zoned plots in Jeddah’s Al-Shati District to develop two educational campuses operated by Al Yusr International School Company, according to a press release.

The fund’s board greenlighted their divestment in line with the fund’s exit strategy; therefore, SEDCO Capital will liquidate the fund as planned after completing regulatory, legal, and administrative proceedings.

Following the liquidation process, the fund will likely achieve an 8.25% net internal rate of return (net IRR) and an equity multiple of 1.41x for its investors in the form of dividends and capital gain distribution.

CEO of SEDCO Capital, Samer Abu Aker, commented: “The exit of this special purpose fund extends SEDCO Capital’s strong track record of delivery.”

Abu Aker elaborated: “Our global real estate investment team, which manages approximately one third of SEDCO Capital’s total AUMs, identified an attractive opportunity, raised capital alongside the business development team, developed a high-quality real estate asset, and concluded a successful divestment.”

It is worth noting that SEDCO Capital is headquartered in Jeddah and has offices in Riyadh, Luxembourg, London, and Dubai, while maintaining a global perspective and reach.