Finding finance: New trusts and funding vehicles offer solutions to property investment needs
The opportunities for investors to place capital and for developers to access funding are expanding as Saudi Arabia’s real estate market grows and matures. Indeed, there is an increasing realisation that real estate in the Kingdom is a sound asset class and, consequently, more funds are beginning to eye the market as a means of generating steady returns. Breaking Into The Market Real estate investment trusts (REITs) and funds are a relatively new phenomenon in the Gulf region. The first attempted foray into the trust investment vehicle in the Kingdom occurred in the summer of 2009, when Encore Management, a Swiss-based asset management company, announced