Mubadala in deal with US real estate firm

Mubadala Development Co (Mubadala), an Abu Dhabi-based investment firm, has announced it is part of a US$1.4bn deal with Related Companies, a leading US private real estate development firm. Mubadala will be investing in Related Companies through a debt placement along with two other international entities including the Olayan Group.

Goldman Sachs and MSD Capital have purchased stakes in Related totalling 7.5%. In addition to the corporate investment, each investor will co-invest in future development opportunities undertaken by Related. This elite group of investors has been specifically selected to fund future growth. The minority investment in Related includes no involvement in the governance of the company and there will be no change in Related's management.

Khaldoon Khalifa Al Mubarak, CEO and managing director of Mubadala, said: "Related is a strong fit for Mubadala. We share their approach to investing in premier projects that build long-term value. Related has great leadership and an impressive project pipeline."

Print | Email | Discuss this article |

READERS' COMMENTS

View all comments (0)

Have your say

Click here to post a comment

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.

MORE FROM ARABIANBUSINESS.COM