SEDCO Capital reaches SR2.5 billion milestone in real estate transactions

SEDCO Capital has reached a milestone of SR2.5 billion in real estate transactions locally and internationally on behalf of its clients over the past 18 months.
Investing in the United States since 1976, SEDCO Capital’s US investments now totals SR1 billion, following its acquisition of the medical offices building in Boston this month.
On the local front, SEDCO Capital has been focusing on acquiring income-producing properties.
SEDCO Capital continues to invest in resources and capacities to build the Saudi real estate investment platform while capitalizing on the group’s existing and advanced capabilities in real estate developments and property management,” said Hasan Al-Jabri, CEO of SEDCO Capital.
Over the past period, SEDCO Capital acquired the Khaldiya Business Center in Jeddah, 2 Hyper Panda managed properties in Riyadh and Jeddah, a building in Al-Haramain Road in Jeddah and Al-Jazeerah Compound in Riyadh.
During the past year and a half, SEDCO acquired properties in Houston, Atlanta, Palm Beach, Durham, Tallahassee and Chicago.
SEDCO Capital is active in growing the international portfolio by focusing on non-cyclical and defensive sectors in nature, including need-based retail, residential, industrial, medical/health care and senior and student housing.
Partnering with major real estate investment advisers and asset managers worldwide, SEDCO Capital adopts an investment strategy that secures long-term, risk-free returns. The Catalyst Student Apartments is one of SEDCO's most recent student housing projects.
Recently, on behalf of SEDCO Capital, Bentall Kennedy, one of North America’s largest real estate investment advisers, acquired Garrett West multifamily apartment in Durham, North Carolina.
"Over the years, the group has built up several relationships and first class expertise locally as well as internationally," Al-Jabri added.
Samer Shaaban, head of real estate, SEDCO in Saudi Arabia, said: "Our firm belief in Shariah-compliant investing now coupled with ethically and socially responsible investment practices distinguishes us from others.”