Real Estate

International

> The Americas
> Europe & the Middle East
> Far East, India and the Asia-Pacific
SEDCO Holding owns and manages a diverse portfolio of global real estate assets ranging from high-yield developments in global capitals to capital gain investments and valuable land banks for future development. Main territories of operation and investment holdings are:

Avion-Galderma, Fort Worth, Texas

This mixed-use Grade A property comprises roughly 16,000 m² of office and industrial/distribution space on a 1.5 ha site, fully occupied by Galderma Laboratoriesowned by Nestlé. An income-generating investment, it is expected to generate double-digit return upon exit.

Village at Woodlands Waterway, Houston, Texas

The ‘Village’ is a newly built luxury senior housing facility in the prestigious Woodlands master planned community in Houston, Texas. The property is an 8-story mid-rise residential building with 207 independent, assisted and memory care units. The property is of institutional quality, with attractive amenities not seen in most senior housing facilities. It belongs to an asset class that has gathered significant attention given the ageing demographic trends in the US

RehabCare, Houston, Texas

Hospital located in Houston, Texas. The property is a new two-storey state-of-the- art inpatient rehabilitation hospital with 46 private rooms and more than 613 m2 of therapy space on a land parcel of 1.65 ha.

Palmilla, Los Cabos, Mexico

Palmilla is one of the world’s most luxurious master-planned golf communities, located at the southernmost point of Baja California along the Pacific Ocean and the Sea of Cortez. The property is spread over 194 ha and includes a 115-room five-star hotel, Jack Nicklaus signature course, homes, villas, and sites for custom-build.

9 Brooks Court, Cringle Street, London, UK

Acquired by SEDCO in 1991, this income-generating property is located close to the old Battersea Power Station, the Grade II listed art deco building that is one of the best-known landmarks in London.

120 High Street, New Malden, UK

This multi-tenanted office and retail property in the south-western London suburbs has been held by SEDCO since 1995. .

Avio Trade Park, Hoofddorp, Amsterdam, Netherlands

This multi-tenanted office and industrial complex in the Netherlands capital has been owned by SEDCO since 2005. Some of the space is currently being refurbished to enhance letting appeal.

Panorama Shopping, Parma, Italy

Panorama is a shopping center in the Italian region of Emilia-Romagna, anchored by a leading supermarket with the balance of the space occupied by complementary retailers. SEDCO has owned the income-generating property since 2004.

Germany Funds

Two investment funds in Germany (SEDCO has a majority stake in one of them) hold diversified portfolios of income-generating properties. These include a concentration of mixed-use assets in the Berlin area.

EURX Properties Fund, Luxembourg

SEDCO has a strategic stake in this fund that controls 26 income-generating retail and office properties in 11 countries. SEDCO has held this investment since 2006 and now plans an orderly realization of assets over the next three years.

Grand Central, Dalian, China

SEDCO acquired the mixed-use Grand Central property in 2008 as a capital gain investment. It comprises a site area of more than 21,000 m² and 110,000 m² of offices, retail space, and serviced apartments. The investment has been restructured and a partial exit completed.

Limetree Beachfront Land Fund: Thailand, Cambodia, Vietnam, Australia

SEDCO holds limited partnership rights in this fund that is acquiring beachfront sites in the Asia-Pacific region with potential for hotel, resort, and villa development. Value is added by improving access, zoning, and master planning. The fund manager is currently assessing further sites in Indonesia and Sri Lanka.

Bearys, Bangalore, India

Bearys Global Research Triangle is a Platinum LEED-certified Information technology & research park development acquired by SEDCO as a capital gain investment over 2007-09. This project of more than 1 million sqft is now reaching completion and a portion pre-leased by a multinational tenant. SEDCO expects to exit on completion, still yielding a positive return.

Zonah’s Pearl Valley Project, Hyderabad, India

SEDCO holds a strategic stake in the land sub-division development that will offer independent housing plots. The market has been hit by the financial crisis and political turmoil in the state of Andhra Pradesh. The development is currently on hold and sales will resume when market conditions improve, although projected returns are still very positive.

Danat India Fund

SEDCO holds limited partnership rights in the fund that is developing an integrated middle-income township in Noida, near New Delhi. The Gulf-headquartered fund managers and development partner are currently proceeding with the first phase of infrastructure works.

1 Lahrs Road, Brisbane, Australia

The project is a blue chip, newly built and tenanted cold storage distribution facility in a prime industrial location in the Greater Brisbane Area. The property has been purpose-built for an international frozen seafood supplier who will continue to occupy all of it for 11 9 years to generate attractive yields.

Estral Office Building, Beirut, Lebanon

SEDCO acquired a strategic stake in the nine-story mixed-use building in 1996. Revaluation of the property is expected to result in increased market value and SEDCO plans to exit the investment, having achieved very satisfactory returns over.

Broadway Office Building, Beirut, Lebanon

SEDCO has held a strategic stake in this mixed-use and multi-tenanted property since 1996. The 10-story building in the Al Hamra district of the Lebanese capital has ground floor shopping with the balance residential apartments.

Limetree Beachfront Land Fund: Thailand, Cambodia, Vietnam, Australia

SEDCO holds limited partnership rights in this fund that is acquiring beachfront sites in the Asia-Pacific region with potential for hotel, resort, and villa development. Value is added by improving access, zoning, and master planning. The fund manager is currently assessing further sites in Indonesia and Sri Lanka.

Beit Mery Villas, Beirut, Lebanon

The four villas in the Beit Mery mountain resort overlooking Beirut are built on a site of 3,710 m², each with a floor area of about 800 m². SEDCO acquired the property in 1999. The villas was successfully sold in Q1,2012 with satisfactory return on the investment.

Land bank, Lebanon

SEDCO owns a land bank in the Aramon and Bhamdoun districts with total area of 307,595 m². The land is close to Beirut International Airport overlooking the sea. A sales program started in 2011, which will continue until full exit is completed.

Ras Beirut land, Lebanon

In 1999 SEDCO invested in prime land in the central Al Rawsha district of Beirut. This land, co-owned with partners with a total area of 3,497 m², has appreciated significantly in value since its acquisition.

Land bank, United Arab Emirates

Three plots in Sharjah located in Al Nahda district with total area of 2,993 m². SEDCO also has owned the 33,679 m² site on the Ras Al Khaimah corniche since 2006. The land forms part of a major government development plan that involves resorts, hotels, and residential units.

Bahrain Bay, Bahrain

SEDCO acquired the infrastructure and land reclamation project in 2005. Land sales have already yielded distributions.

MENA Serviced Apartments, Bahrain

SEDCO acquired a strategic stake in the development with a view to raise the standard of serviced apartments in the MENA region.

Saudi Arabia Real Estate

 

SEDCO Holding Group’s portfolio of real estate investments within Saudi Arabia is well-diversified and designed to offer low downside risk and excellent future prospects.

The portfolio includes:

 

SEDCO Holding’s mixed-use assets in Saudi Arabia include the Nawras mixed use development in Jeddah, on the intersection of Cornish Road and Prince Naif Street, Jeddah.

The portfolio also includes the flagship Galleria project in Jeddah that combines an upscale retail mall and a five-star hotel.

Meanwhile, SEDCO Holding’s Red Sea Mall is one of the largest mixed-use retail developments in Saudi Arabia, and the Western region’s only mall with a connected five-star hotel and a premium office tower.

Our other portfolio properties include Al Nakheel Center in Jeddah; Al Sabeel Shopping Center; Al Sabeel mixed-use development; Tent Souk; and Al Mahmal Center in central Jeddah that opened in 1985 and is 80% owned by SEDCO Holding.

SEDCO Holding’s subsidiaries and operating companies are involved with some of the Kingdom’s most recognizable hotels, including the five-star Elaf Kinda close to Makkah’s Holy Haram area, Elaf Al Sud in Makkah, and the Elaf Bakkah in Makkah’s Mahbas Al-Jin District.

Our diversified portfolio of residential projects in the Kingdom of Saudi Arabia includes Al Mojama Building in Jeddah, which offers service apartments and strip retail;

the residential and retail Al Bairoti Building; the nearby Al Soror building in downtown Jeddah; the Bab Al Shareef Building in in Jeddah’s Balad area; and the mixed-use residential and retail Al Sohaifa Building in Jeddah.

SEDCO Holding Group has also co-invested in the 143-unit gated Golden Belt Compound in Al Khobar.

Our industrial assets in Saudi Arabia include Al Naseem Warehouse complex and Karboos Warehouses in Jizan.

We have taken stakes in funds and investment vehicles within the localreal estate sector. In 2012, SEDCO acquired a strategic stake in the SEDCO Capital Real Estate Income Fund I, which offers access to income-generating real estate.

The success of the fund saw the launch of the SEDCO Capital Real Estate Income Fund II, which the Group also has a stake in.

Meanwhile, we have also invested in Khomasiah Taba, a partnership that invests in Madinah real estate.