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Build-to-rent property fund raises $212mln from US, European and local Dubai investors

  • Build-to-Rent investment portfolio in prime location in Dubai
  • Global Partners Property Fund I attracts US and European investment capital

Global Partners Limited, a DFSA regulated institutional fund manager specialising in alternative investments, has successfully closed Global Partners Property Fund I (CEIC) Limited, a Qualified Investor Fund based in the DIFC. The fund focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal. US $212 million was raised, with 35% originating from North America, 37% from Europe, and 27% from the UAE.

H&H Development, the fund’s property development partner, will play a vital role in ensuring the fund’s success through their proven world-class execution capabilities.

The fund’s two projects are upmarket developments on the Dubai Water Canal which will use H&H Development’s Eden House brand. They will be called Eden House, The Canal, and Eden House, The Park and are perfectly located to address a market gap for affluent renters in Dubai.

Martin Linder, Chief Executive Officer at Global Partners, said: “We are delighted with the reception we have received from global investors for our inaugural fund. Institutional capital is increasingly interested in Dubai real estate, and we have created an ideal fund to cater to this demand. The fund is in line with Global Partners’ strategy to deliver institutionally owned and managed residential supply in Dubai.”

Miltos Bosinis, CEO of H&H Development, added: “We are excited to be part of this investment initiative which proves that Dubai has become an international financial center that attracts global investor’s interest from all over the world. As a reputable institutional developer, H&H will give Global Partners all the support they need to carry out their strategy and expand their footprint in Dubai to create a bespoke portfolio of properties of the highest quality and standards.”

-Ends-

Media enquiries, please contact:
Nigel Sillitoe
CEO, Insight Discovery
Email: sillitoe@insight-discovery.com

About Global Partners

Global Partners Limited is formally authorised as a regulated firm by the Dubai Financial Services Authority (‘DFSA’), to conduct certain financial services in or from the Dubai International Financial Centre (‘DIFC’).

Global Partners was founded by a group of highly experienced global investment professionals and prominent family offices in the UAE who share a common vision: to bring exceptional alternative investment opportunities in the UAE to a wider global investment audience.

Global Partners’ progress has been rapid. In less than 12 months, the firm successfully completed a major closing of its inaugural fund, raising US $212 million from prominent Dubai, European and North American investors, identified, acquired, and commenced work on the planned developments of its inaugural fund and secured a strong pipeline of prime land for subsequent funds.

About HH Developments

Established in 2007, H&H is a leading Dubai-based real estate investor, developer, and asset manager, with a fast-growing portfolio in the city’s real estate industry. The company’s capabilities focus on developing and providing bespoke and comprehensive turnkey asset management.

H&H creates projects that offer guests a new quality standard, bringing modern and timeless design to life. Eden House, a home-grown vertical neighborhood, has fast become the destination for contemporary and elegant living.

The company has three divisions: H&H Development, H&H Properties, and H&H Interiors, each providing unique services and experiences to customers.

Dislaimers:

  • Global Partners Limited is regulated by the DFSA.
  • Global Partners Limited only deals with Professional and Market Counterparty Clients, and does not deal with Retail Clients, as defined in the DFSA Conduct of Business Rulebook.
  • Nothing in this press release is constituted as financial advice; the content is merely put for general information and updated about the fund Global Partners Property Fund I only.

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