<\/p>\n
February 22, 2015 \u2013 Arzan Wealth (DIFC) Limited (\u2018Arzan Wealth\u2019), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised a consortium of investors on the USD127m acquisition of the global headquarters building of Lenovo\u2019s Enterprise Server Division at Research Triangle Park, in Raleigh North Carolina, USA (\u201cThe Property\u201d).<\/p>\n
The 67 acre campus featuring a lake, nature preserve, jogging trails, and recreation area, includes two recently renovated office buildings totaling 445,484sqft and a 39,952 sqft mixed-use office\/ laboratory building currently under construction.<\/p>\n
The Property was originally developed in 1995 & 1998 for Ericsson, and has functioned as a recognized corporate center for nearly 20 years. The property is 100% leased to Lenovo Inc. the operating entity for Lenovo Group Limited, under a 13 year triple-net lease agreement, with a 2.6% fixed annual rent increase and two 5-year options to extend the lease.<\/p>\n
Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Property, in joint venture with the Property Advisor, 90 North Real Estate Partners, a strategic partner of Arzan Wealth in several global markets. The consortium of international investors was composed of various corporate and individual clients, and included Arzan Wealth\u2019s long-term investor partner, Commercial Real Estate Company (\u201cAl Tijaria\u201d).<\/p>\n
Abdulfatah Marafie, Chairman of Al Tijaria commented:<\/p>\n
\u201cWe are pleased to be able to continue our strategic cooperation with Arzan Wealth and to expand our international real estate portfolio with their guidance.\u00a0 The Lenovo investment is yet another example of the kind of secure and income-producing assets in mature markets that we continue to pursue. \u201d<\/p>\n
Muhannad Abulhasan, CEO of Arzan Wealth said:<\/p>\n
\u201cThe Lenovo headquarters campus is the kind of high quality transaction that our clients have come to expect as they seek to diversify their portfolios internationally, in a prudent and cautious manner and with a primary objective of capital preservation and an attractive monthly income.\u00a0 We are proud that so many corporates and individuals rely on Arzan Wealth to help nurture their wealth and preserve their legacies for future generations.\u201d<\/p>\n
ENDS<\/strong><\/p>\n Notes to Editors<\/p>\n Arzan Wealth (DIFC) Limited<\/strong><\/p>\n Arzan Wealth is an investment advisory firm registered at the Dubai International Financial Centre (DIFC), and is regulated by the Dubai Financial Services Authority (DFSA).\u00a0 Arzan Wealth currently advises various clients on real estate, private equity and other investments worth a total of approximately USD975mn.\u00a0 Arzan Wealth focuses on arranging yielding investments in major global markets, as well as bespoke investments that meet the requirements of specific clients.<\/p>\n 90 North Real Estate Partners LLP<\/strong><\/p>\n 90 North is an independent investment advisory firm based in London, specializing in ethical and Shari\u2019ah compliant real estate investment. The Founder Partners combine substantial property and other transactional experience, excellent track records with an absolute focus on property fundamentals to deliver superior risk adjusted returns and protect and enhance wealth.<\/p>\n In the past 2 years, 90 North has transacted on approximately \u00a3565,000,000 ($850,000,000) of real estate transactions in the UK, US and Europe, working in close partnership with Gulf based institutions.<\/p>\n 90 North opened its US office in Chicago in June 2014, headed by Dan Cooper.<\/p>\n For further information contact:<\/strong><\/p>\n Ahmad AlSabbrei Jawaher Menassa <\/p>","protected":false},"excerpt":{"rendered":" February 22, 2015 \u2013 Arzan Wealth (DIFC) Limited (\u2018Arzan Wealth\u2019), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised a consortium of investors on the USD127m acquisition of the global headquarters building of Lenovo\u2019s Enterprise Server Division at Research Triangle Park, in Raleigh North Carolina, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1147","post","type-post","status-publish","format-standard","hentry","category-normal"],"acf":[],"_links":{"self":[{"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/posts\/1147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/comments?post=1147"}],"version-history":[{"count":3,"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/posts\/1147\/revisions"}],"predecessor-version":[{"id":1358,"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/posts\/1147\/revisions\/1358"}],"wp:attachment":[{"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/media?parent=1147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/categories?post=1147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arzan.com.kw\/en\/wp-json\/wp\/v2\/tags?post=1147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nInvestment Analyst
\na.alsabbrei@arzanwealth.com
\n+965 9988 8624<\/p>\n
\nHead of Marketing & Client Relations
\nj.menassa@arzanwealth.com
\n+971 504576347<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n