Saudi-based Arbah Capital announces the successful exit for its investors of a £27m mezzanine facility provided in May 2018 to the iconic Regent Crescent high-end residential development in Prime Central London, with an IRR of 10%.
The unique residential development is for 76 high end stunning residential units facing Regent’s Park in the heart of London. It is the rebuild of an 1800’s Grade 1 listed building designed by John Nash, who was the architect of Buckingham Palace.
In May 2018, Mahmood Al-Kooheji, CEO of Arbah Capital had said that “This is a landmark moment in Arbah Capital’s successful progress into becoming an Investment Bank which participates in carefully selected, risk adjusted, investment opportunities internationally. This is just the beginning of an exciting period in our development and shortly we will be bringing further unique investment opportunities for our valued clients.”
Mr Al-Kooheji now stated that “Arbah Capital has delivered on these expectations with the successful exit of the Regent Crescent project, and subsequent carefully selected investments both in the UK and USA which include the £60m investment in the mixed use Sauchiehall Building in Glasgow, UK, which has remained robust even during the covid period, the investment of $36m into a development of a Senior Care facility in Florida, USA, which has remained on track to be delivered in the summer of 2021, and the recent $43m acquisition of an industrial portfolio across the Mid-West of USA.”
Mr Al-Kooheji went on to say, “We are very proud to have made an exit from an international investment which underlines the strength of our investment thesis and analysis, and execution capability. I would like to thank all of the Arbah board members, my team, and partners that worked on this project to make it such a success including our lawyers King and Spalding, the Senior Financier ABC Bank, and Fortress Bank who joined as a mezzanine partner after our investment. I would particularly like to thank the equity partners led by Nasser Al-Shawaf, CEO of Rassmal Investments LLC for their pragmatic, innovative and very principled approach in all their dealings with us.”
Looking ahead, Mr. Al-Kooheji recently stated “We are always very sensitive to the needs of the time, and Arbah is aiming to launch other products soon which address the key concerns that we now face and build sustainability for the future. We are currently working to acquire a core social infrastructure asset in the US, another income producing product in a very defensive sector, looking to introduce Purpose Based Student Housing into KSA, and looking to launch a product in the Trade Finance sector. These products we believe are innovative and in defensive areas, which will provide investors with a degree of stability and comfort, at a time of such great volatility in other markets.”
Through all Arbah’s investments, there is an adherence to core principles which Mr Al-Kooheji has also previously reiterated, “the key philosophy of Arbah is to find for its investors the right growth segments, and to structure investments in those segments with leading partners who have a proven track record. Arbah’s reputation and professionalism attracts best in class partners to offer value added investments to its investors”, “Arbah’s main strategy focuses on acquisition of distinctive assets within excellent locations in defensive sectors like social infrastructure. …which reflects our investment strategy in finding exclusive high-quality opportunities for our investors. It is these types of investments which will broaden the value creation prospects for our investors within the international market and contribute to our journey into becoming a leading Investment Bank in the region.”
Arbah Capital is an Investment firm licensed by the Capital Market Authority in Kingdom of Saudi Arabia and headquartered in Dammam.
Mr. Mahmood Alkooheji, Chief Executive Office, Arbah Capital