PHOTO
Dubai, United Arab Emirates, (AETOSWire) - Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised its client on the sale of an office building in Leiden, The Netherlands.
The sold property is a high-quality office building comprises 20,616 sq.m. of office accommodation over 10 floors with 586 car park spaces and is built according to BREEAM "Excellent" standards and located in Leiden Central Business District, The Netherlands. The property serves as the Global Headquarters of Heerema Marine Contractors, a leading marine contractor for offshore oil & gas fields.
The Heerema asset was acquired in mid-2016 as part of Arzan Wealth's yielding asset platform with an objective of producing an average annual yield of 8% to investors, and providing both predictable income and protection of capital. Arzan Wealth acted as the Sub Strategic Advisor on the exit of this investment that has generated favorable returns for the investors during the five-year holding period.
Muhannad Abulhasan, CEO of Arzan Wealth said:
“In light of the turbulence created by the COVID-19 public health crisis and the increased volatility in oil prices, we are pleased that we have been able to advise on the sale of the Heerema asset and meet our primary objective of protecting our investors’ capital after having delivered an attractive stream of monthly income over the past 5 years. Achieving this result despite the global disruption from the pandemic is a sign to our investors that we remain dedicated to working hard on their behalf at all times, to reduce risks and maximize returns. This sale takes Arzan Wealth’s track record to fourteen exits on behalf of our investors, and we look forward to being able to fulfill the investors’ long-term investment objectives with new opportunities”.
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
