Abu Dhabi firm launches $200m real estate fund

The National Investor is launching a new fund to invest in the real estate markets of the GCC, MENA, India and Pakistan.

Abu Dhabi-based investment banking firm The National Investor (TNI) is reportedly launching an investment fund to take advantage of the hot property markets in the Gulf Cooperation Council countries, the Middle East and Northern Africa, India and Pakistan.

The $200-million (€159 million) vehicle, called the TNI Real Estate Development Fund, will focus on the commercial, residential and mixed-use sectors.

Discussing the fund’s strategy, the firm’s chief executive, Orhan Osmansoy, recently told the Middle East Economic Digest: “In Abu Dhabi, the Gulf and the region, real estate is buoyant. We’ll seek to develop property, maybe buy land, and redevelop or refurbish property.”

In 2005, the firm launched the TNI MENA Real Estate Active Fund, a $100-million vehicle to invest in the Middle East and North Africa property markets. The fund was open to UAE- and GCC-based institutional and individual investors.