Mubadala Pramerica JV hires point man for GCC capital

Faris Mansour has joined from Macquarie Capital to help investors in the Gulf access and structure real estate transactions sourced internationally and locally.

Mubadala Pramerica Real Estate Investors, a joint venture between the Abu Dhabi sovereign wealth fund Mubadala and Prudential Financial-owned real estate investment management platform Pramerica Real Estate Investors, has hired Faris Mansour as director of capital markets.

He joined from Macquarie Capital, the investment advisory platform of Australian bank Macquarie.

In the role, Faris will be responsible for advising Gulf Corporation Council (GCC) investors as they seek to invest in global real estate strategies offered through the JV. “Faris will take a leading role in converting MPREI’s access to real estate transactions into investment vehicles that meet the needs of investors in the region,” the JV announced today.

The directing of GCC capital into international markets is one reason why the JV was created in July 2010. The other reason is to attract capital investment internationally and from the region into the United Arab Emirates and other countries in the area for institutional-quality investments.

Faris was the head of private capital markets for Macquarie Capital in Dubai where he focused on equity and debt capital raising, restructuring transactions and forming JVs. During his 15 year career he also worked for the bank’s Real Estate Fund Group in Chicago.

The JV is part of Abu Dhabi’s government’s vision for an economy that is sustainable without a reliance on its natural resources. Mubadala is a multi-sector sovereign wealth fund that seeks to make investments with groups that can, in turn, make investments in the UAE. It was set up in 2012 with a mantra to form mutually beneficial partnerships with leading international companies.