Tadhamon Capital announced that it has arranged for the acquisition of two assets in the United Kingdom. These assets, valued at around GBP32 million (US$50 million), were within the Bahrain-based investment firm's social infrastructure platform.
First, Tadhamon would be forward funding Maria Mallaband Care Group (MMCG). This would be the first healthcare asset within Tadhamon's social infrastructure platform. The funds would be used for the provision of high specification premium care at MMCG. MMCG was a 53-bed care home in Gerrards Cross, Buckinghamshire, UK.
The second transaction was between Tadhamon and McLaren Properties. Through this deal, Tadhamon would be acquiring a Cambridge student accommodation worth GBP26 million.
According to Waleed Abdulla Rashdan, Tadhamon's chief executive, "Both transactions will enjoy the privilege of distributing cash yield to its investors/shareholders with an attractive investment return at the exit... Through forging partnerships with experienced and leading developers and operators, the coming year will also see us casting our sight further afield to explore selected EU, US and regional markets to hopefully continue delivering our investors with high quality properties."
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