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MANRRE REIT

Region's first Logistics Real Estate Fund to provide efficient access to institutional grade real estate investment opportunities focused on high yield and capital preservation.

Industry

Logistics, Real Estate

Location

Dubai, UAE

Website

manrre.com

Key Highlights

  • Manrre group has over 30 years of real estate experience in the Middle East.
  • Focus on industrial, warehouses and logistics assets which are currently benefiting and will continue to benefit from the growing e-commerce industry which will lead to an increased demand for additional logistics and warehousing real estate.
  • The fund owners participate in regular investment in the Fund, demonstrating their confidence and commitment to the fund and aligning their interest with investors.
  • High annual coupon income with stable NAV – in the current market, few stable US Dollar linked assets are generating such high yields – with the US 10 year treasury yield of only 1.75% this fund generates a robust spread.

Manrre Overview

Manrre is a Logistics Real Estate Fund (established as an Exempt Fund) for qualified investors. Established in compliance with the laws and rules of the Dubai Financial Services Authority (DFSA). The fund is managed by Dalma Capital, established in 2011 and an award-winning global alternative investment platform, fund manager and accelerator for alpha generation. Dalma Capital is licensed by the DFSA to carry on certain financial services including Managing a Collective Investment Fund. The firm is headquartered in the Dubai International Finance Centre.

Manrre’s stable, low risk strategy involves focusing on industrial, logistics and commercial assets, Manrre’s primary target market is the UAE. Its core investment objectives include generating a regular source of income for investors by way of a 8% annual coupon distributed quarterly. Manrre aims to raise capital as part of its strategy to acquire additional rent-yielding commercial assets. The company’s vision is to become the leading owner and developer of logistics and industrial real estate in the UAE market

Manrre joins Nasdaq Dubai

Ringing the market-opening bell at Nasdaq Dubai to celebrate the occasion, Manohar Lahori, founder and chairman of Palmon Group,said: “Placing the shares with Nasdaq Dubai’s depository strengthens Manrre’s relationship with investors, demonstrating our ongoing commitment to transparency, governance and safe keeping. The exchange provides a well regulated environment with global visibility,”
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Manrre joins Nasdaq Dubai

Key Indicators

  • Diversified portfolio across industrial and commercial estate
  • Higher than average yields seen in the industrial assets space
  • Historically low turnover of key tenants
  • Strategic locations in UAE such as JAFZA, National Industrial Part (formerly TechnoPark), Dubai South, Dubai Investment Park, Jumeriah Lake Towers and Business Bay

Built up area (sq ft)

870,622

Land Area (sq ft)

1.23M

Value of portfolio

$72 M

Occupancy

90%
As of 1 March 2020

Annual Coupon Yield

8%

WALT

4.7 Yrs.
Weighted Average Lease Term

All figures as per 31 December 2019 unless otherwise stated

Key Success Factors

A stable income now, with strong growth for the future

A History of Success

The same philosophy, strategy and asset curation used to build the portfolio with over three decades of experience from the management team. The same philosophy, strategy and asset curation used to build the portfolio with over three decades of experience from the management team.

A disciplined approach

We invest in commercial assets with a focus on industrial, logistics, and warehousing. This is the asset class most sought after by institutional and sophisticated investors, thanks to steady returns and capital appreciation.

A diversified portfolio

We create a healthy portfolio mix which is diversified across logistics, industrial, office and staff accommodation assets, we reduce the risk from market volatility in order to generate a healthy balanced yield with asset diversification..

A personal involvement

Our interests are aligned with yours. We participate in all our investments, hold a portion of the shares in the Fund, and constantly supervise investment activities.

A rewarding return

To date, commercial UAE real estate investments have typically delivered strong current cash yields and attractive capital gains over the medium term.

Environmental Sustainability

We have positioned initiatives on ESG (Environmental, Social and Governance) awareness as an important business management issue.

Key Individuals

Manohar Lahori

Kunal Lahori

Meher Mirchandani

Zachary Cefaratti

Contact

Dalma Capital Management Limited

+971 4 427 8772 info@dalmacapital.com dalmacapital.com

Manrre Logistics Fund

+971 4 427 8772 info@manrre.com manrre.com
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