Aljazira REIT leases warehouse in Jeddah for annual rent of SAR 898,300

10/05/2021 Argaam

Logo of Aljazira REIT Fund

AlJazira Capital announced the signing of a lease contract for warehouse No. 3, Block 10, which is located in Al-Khomrah area in Jeddah and owned by Aljazira REIT Fund, with Hamad Al-Rugaib and Sons Commercial Co.

 

The lease period will be five years from July 1, 2021, to June 30, 2026, at an annual rental value of SAR 898,300, the fund manager added in a bourse statement.

 

The warehouse has an estimated area of 11,229 square meters (sqm).

 

AlJazira Capital expects the deal to have a positive impact on the fund’s revenue for 2021.

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