Market Watch
Markaz Real Estate Opportunities Fund
                                 
Fund Objective:

To generate a compounded annual return of 18% over the Term of the Fund, net of all fees, costs or expenses and any applicable taxes; by investing predominantly in real estate development projects in the MENA region that are most likely to benefit from emerging trends stemming from demographics and strong liquidity in the MENA region.

Summary Term Sheet:

 

Fund Name

: Markaz Real Estate Opportunities Fund
Offering : US$ 200 Million

Life of Fund

: 5 years extendable by two 1-year periods

Investment Period

: 3 years

Fund Type

: Close-Ended

Targeted Annualized Returns

: 18% p.a. over the term of the Fund

Distribution

: At the discretion of the Fund Manager, a dividend payout of 90% of the free cash flows upon the liquidation of each project

Minimum Subscription

: US$ 250,000

Unit Price (including Fees & Charges)

: US$ 1.02

Fund Management Fee

: 1.75% p.a. of Committed Capital during the Investment Period and 1.75% p.a. of Invested Capital thereafter

Incentive Management Fee

: 20% after investors receive a compounded annual return of 10% (net of all fees, expenses, and taxes)

Fund Manager

: Kuwait Financial Centre, S.A.K. (Markaz)

Closing Date

: The initial closing carried out on the 23rd of May 2007, further closing will follow until the 23rd of May 2008.

 

For more information, these files are available for downloading:

Markaz Real Estate Opportunities Fund Private Placement Memorandum
 Download

Markaz Real Estate Opportunities Fund Presentation
Download

    

 


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