ADFG AuM soars through real estate investments

ADFG AuM soars through real estate investments

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The Abu Dhabi Financial Group real estate team manages a portfolio of more than $4bn in projects covering over seven million square feet across London, Eastern Europe and the Middle East.

The team has a focus on central London developments at the moment, with a $3bn pipeline of London developments that has been built up over the last 12 months. The firm as a whole has grown faster than any other investment management firm in the region over the last 12 months, with the growth led by the real estate team.

Over the course of the last year, the firm’s assets under management have increased by $1.9bn to $3.5bn, while the firm pursues a new strategy prioritising a mix of real estate investments that are spread between traditional safe havens and highgrowth developing countries. 

The move appears to have paid off, as the interim internal rate of return across all of the Abu Dhabi Financial Group’s investments was in excess of 26%. 

The firm asserts that it differentiates itself from its peer group through the return on investment and geographic diversity of its investments. 

By being selected to take on major redevelopment projects, such as the New Scotland Yard development in London, the Abu Dhabi Financial Group has demonstrated its ability to deliver on large projects, which is the trait that originally encouraged MOPAC to select the firm as its preferred bidder for New Scotland Yard. 

Other major projects taken on by the group under the leadership of Jassim Alseddiqi include 1 Palace Street, a high-end redevelopment project near Buckingham Palace that will complete in 2018, and a Podgorica, Montenegrobased mixed use project called The Capital Plaza occupying more than 100,000 square metres. 

The firm also provides alternative financing acquisition support for asset owners and developers through its wholly owned subsidiary, Integrated Alternative Finance, which has structured and financed over $2bn in projects, mostly in real estate deals.

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