Derayah REIT said its asset base comprises 15 real estate assets worth SAR 1.172 billion.
The REIT is being floated on initial public offering (IPO) in Saudi stock market till Jan. 7, 2018.
Its assets include offices, residential units, warehouses, hotels and retail space, geographically dispersed across Riyadh, Dammam, Jeddah, Khobar, Jubail and Al-Ahsa, the listing memo showed.
|
Summary of REIT’s Assets |
|
|
Description |
Number/value |
|
Total no. of properties & usufruct panned to be acquired |
15 |
|
No. of income generating properties |
14 |
|
No. of usufruct properties |
2 |
|
No. of properties underdevelopment |
1 |
|
Total value of REIT’s assets |
1,086.40 |
|
Total building areas (m²) |
235,443 |
The fund's assets will be assessed twice a year, by accredited assessors from Saudi Authority for Accredited Valuers (Taqeem).
|
Properties To Be Acquired (SAR mln) |
||||
|
Property name |
City |
Purchase price |
Average valuation |
Sector |
|
Smart Towers |
Riyadh |
263.50 |
264.03 |
Office & Retail |
|
Al Jubail Views residential compound |
Al Jubail |
145.50 |
152.80 |
Residential |
|
Al Mina warehouses complex |
Dammam |
130.00 |
129.00 |
Warehouses |
|
City Life Plaza |
Riyadh |
106.25 |
109.68 |
Retail |
|
Motoon Towers |
Riyadh |
98.00 |
100.86 |
Retail & Hotel |
|
Al Fanar commercial Complex |
Al Khobar |
60.60 |
64.59 |
Show rooms & warehouses |
|
The Grand (A) residential compound |
Dammam |
58.80 |
64.52 |
residential |
|
Al Wadi Warehouses |
Jeddah |
58.00 |
57.55 |
Warehouses & residential |
|
Al Seteen Trade Center |
Riyadh |
52.13 |
53.81 |
Office & commercial |
|
The Valley |
Al Ahsa |
39.50 |
40.00 |
Commercial |
|
The Grand (B) Commercial Compex |
Dammam |
31.25 |
31.94 |
Office |
|
Workers’ residence buildings |
Al Jubail |
24.27 |
27.52 |
Residential |
|
City Walk Compound |
Riyadh |
10.50 |
11.10 |
Retail |
|
Workers’ residence buildings |
Dammam |
5.09 |
6.17 |
Residential |
|
Workers’ residence building |
Al Khobar |
3.01 |
3.59 |
Residential |
|
Total |
|
1,086.40 |
1,117.15 |
|
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