Masdar Green REIT, First Abu Dhabi Bank sign $200m financing agreement

This is in support of Masdar Green REIT’s sustainable real estate portfolio.

Masdar Green Real Estate Investment Trust (REIT) has signed a financing commitment with First Abu Dhabi Bank, worth $200m, in support of Masdar’s sustainable real estate portfolio.

“Investors are increasingly looking for ‘responsible’ investment opportunities and evaluate companies based on specific environmental, social and governance practices criteria,” Abdulla Balalaa, Executive Director, Masdar City and Chairman of the REIT, said.

At present, Masdar Green REIT’s portfolio includes four commercial properties within Masdar City in Abu Dhabi.

These properties consume approximately 40% less electricity and water compared to buildings in Abu Dhabi.

For its part, the First Abu Dhabi Bank will aid Masdar Green REIT in acquiring additional properties in Masdar City.

“The proceeds of these acquisitions will in turn assist Masdar City to bring more sustainable real estate assets to market through new sustainable developments and continuing the future expansion of Masdar City,” Balalaa said.

“This REIT also intends to provide a vehicle through which third-party, sustainable developers can monetize their assets, attracting both real estate developers to Masdar City, and aspiring local and international sustainable investors,” he added.