Current Investments
SONIFI SOLUTIONS
Under a strategic partnership with Colony Capital, MENA Capital
invested in the ownership of 100% of SONIFI Solutions (formerly
LodgeNet Interactive Corporation) based in the USA, a leading provider
of interactive media and connectivity services to hospitality and
healthcare businesses including Interactive Television, Broadband,
Mobile and Advertising Media Solutions along with nationwide technical
and professional support services.DALLAS DEVELOPMENTS
MENA Capital invested alongside other strategic investors in the
development of two office properties located in Texas, USA (aka,
Freeport & Legacy). The project involves the greenfield development of a
unique office building type which is less expensive and has a high
parking ratio. The product type provides regional & national credit
companies a cheaper office alternative to that offered by conventional
mid / high rise office buildings.DISTRESSED CREDIT FUND
A Fund by Colony Capital that invests primarily in real estate related
debt instruments with attractive target risk adjusted returns, high
proportion of return from current income, low-moderate leverage & are
relatively short duration investments. The Fund also acquires individual
and portfolios of performing, sub-performing, and/or non-performing
loans, originates new real estate loans and similar financing facilities &
invests in other special or distressed situations and real estate
opportunities.WATERS GARAGE
Waters Garage is a freehold vacant commercial property in Hertford, UK
that is also a historic site and a former petrol station and vehicle
dealership facility. The project involves a strategic partnership with Zog
Group, a London based property planning & development specialist, for
value optimization of the site through a proposed conversion of the plot to
a residential scheme while carefully satisfying the Town Council’s
planning requirements.US REAL ESTATE PORTFOLIO
During 2014, MENA Capital invested in multiple real estate investment
portfolios comprising master leasehold ownership interests in
commercial, residential, multifamily, office & industrial properties located
in major cities across the US. The underlying properties in all the
portfolios are well occupied and are located in strong markets across the
United States. The investments are income generating and have a target
term of 5 years.ISQ GLOBAL INFRASTRUCTURE
Under a strategic partnership with I Squared Capital (“ISQ”), USA, MENA
Capital invested in the ISQ Global Infrastructure Fund, a globally
diversified portfolio of infrastructure assets that have low correlation, high
margin of safety and attractive risk-adjusted returns. The Fund focuses
on investments in energy, utilities and transportation infrastructure assets
in North America, Europe, select growth economies in Asia & Latin
America.VILLINI
A portfolio of 14 adjacent specialized buildings centrally located in Rome,
Italy. The buildings have historic architecture, attractive parking and
versatility for multiple uses (hotel, office, residential etc.). The buildings
were originally developed as private mansions by wealthy aristocratic
families and totals over 28,000 square meters. MENA Capital invested
alongside Colony Capital in the portfolio which is to be repositioned into
high-end office space and/or luxury residential properties while capitalizing
on each building’s highest and best use.NORTH AFRICA PORTFOLIO
The North Africa Portfolio is a private equity fund that invests in the growth
markets of North Africa viz. Egypt, Libya, Tunisia, Algeria & Morocco. The
Fund targets investments in growth capital in mid-size businesses poised to
become market leaders in the North Africa region. The Fund will primarily
invest in the defensive sectors of fast moving consumer goods (“FMCGs”),
healthcare services, education, pharmaceuticals, industrial and financial
services.UK PRIVATE RENTED HOUSING PORTFOLIO
The UK Private Rented Housing Portfolio is a joint venture acquisition &
development of a portfolio of 927 new build high specification properties in
target markets across the UK, initially in the North West of England. Having
established a first mover advantage the JV will create one of the first Private
Rented Sector platforms in the UK, providing an opportunity to access a
growing sector which is rapidly becoming institutionalized.SHAMS ABU DHABI
Shams Abu Dhabi is a new full-fledged master development by Aldar
Properties PJSC (previously: Sorouh RE PJSC) located in Al-Reem Island
investment zone, next to Abu Dhabi CBD and the new CBD on Al
Sowwah Island (Al Maryah Island). When completed, the development will
accommodate 45,000 residents, high-quality retail and commercial space.
MENA Capital invested along with other strategic investors in two plots in
Shams Abu Dhabi and plans to develop them into two residential apartment
buildings.
