Saudi Sidra Capital completes $206 mln real estate deal in US

Saudi-based Shariah-compliant asset manager Sidra Capital has completed its second US industrial real estate acquisition worth $206 million, a statement said on Monday.

The portfolio is comprised of 30 fully-occupied single tenant net leased assets spread across 15 states, the statement added.

This follows the aggregation of a portfolio of six US student accommodation assets and the acquisition of a site occupied by Sainsburys in the United Kingdom earlier this year.

These acquisitions have increased Sidra Capital’s total assets under management (AUM) to $2 billion, of which over $800 million is in the United States.