6 December 2015

Global distributes 2.7% quarterly dividends to its clients investing in the headquarters of NATS in the UK

Global Investment House (Global) made the first cash distribution to its clients invested - through its UK National Commercial Property Program - in the headquarters of the National Air Traffic Services (NATS) in the United Kingdom. The distribution amounts to 2.7% of equity for the quarter ending September 2015, which reflects an annualized dividend yield in excess of 10%, exceeding its targeted amount.

The acquisition of the property was concluded in September 2015 in partnership with Greenridge Investment Management Limited (Greenridge), an expert in the UK's regional property market that enjoys a solid track record in executing and managing several similar regional deals.


The acquired property comprises of five interconnected modern office buildings of high specifications, constructed in 2004. The tenant, NATS, is the UK's leading provider of air traffic control services, moving over 6,000 flights per day. In addition to providing services to 15 UK airports, NATS also works in more than 30 countries around the world spanning Europe, the Middle East, Asia and America. Nasser Alkhaled, the Head of Real Estate Asset Management at Global, commented: "Broadly, through our UK National Commercial Property Program we employ a strategy of identifying off market investment opportunities that focuses on income producing commercial properties in locations outside Central London to capitalize on the historically high, yet closing, yield gap and property values between London and those regional markets."


Global's Real Estate asset management team's key role is to identify market trends and to secure ideal off-market investment opportunities to offer to its clients participating in the Program. Through its partnership with Greenridge, Global was able to provide its clients this attractive risk-adjusted return, as well as immediately add value to the property by negotiating and securing a lease extension with the tenant, bringing the unexpired lease term from 8 to 15 years, and ensuring long term stabilized income stream. Moreover, the team oversaw the entire structuring of the transaction, ensuring that the investment opportunity provides the most efficient corporate and tax structure to its clients, and its compliance with Sharia principals. Global also takes on the role of co-management of the investment vehicle and oversees its medium term strategy, to ensure that the overall targets are met.


Alkhaled concluded, "This transaction reflects the strategy of our new real estate asset management team, which is continuously scouting both regional and international markets for off market opportunities that cater to the return and risk profile of our client pool."

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