Sidra Capital (Sidra) and Gatehouse Bank (Gatehouse) finalized their second real estate acquisition in the United Kingdom Real Estate Fund (SURF) for GBP 22.4million.
The fund will deliver a diverse real estate portfolio in the UK, providing Saudi Arabian investors access to one of the world's most transparent and well-regulated markets.
The SURF fund has the purpose to hand over an average annual distribution yield of 7.00%.
The acquisition of Rolls-Royce core manufacturing and logistics facility in Scotland was completed. Gatehouse Bank (Gatehouse) is going to offer a one- of-a-kind opportunity that delivers maximum benefits and all this through the core manufacturing and logistics facility that will be built for and let to Rolls-Royce plc.