REAL ESTATE FUND MANAGEMENT

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1 Palace Street, London SW1

1 Palace Street, due for completion at the end of 2021, is an ambitious residential revival of an island site incorporating five distinct and elegant architectural styles. It includes a spectacular Grade II listed building overlooking Buckingham Palace.

The completed scheme will include an elegant new contemporary facade facing onto Palace Street designed by award-winning architects Squire & Partners.

The Broadway, London SW1

Set for completion at the end of 2021, the transformation of New Scotland Yard – the former site of the Metropolitan Police Services headquarters – into The Broadway is one of London’s most anticipated super-prime redevelopment projects.

SHUAA acquired the island site from the Mayor’s Office for Policing and Crime in 2014 and appointed Northacre to create a thriving, state-of-the-art residential and commercial destination, totalling nearly 600,000 square feet (55,740 square metres), over six 14- to 19-storey towers. The scheme offers 258 exquisite apartments with far-reaching views over London.

SHUAA Capital Saudi Arabia (SCSA) manages four regional real estate funds with a total AUM of more than SAR 1 billion

SHUAA Wadi Al
Hada Fund

Residential Real Estate Fund Regulated by the CMA

SAR 579,870,000

SHUAA Saudi Hospitality
Fund I

Hospitality Fund Regulated by the CMA

SAR 300,720,000

Jeddah Centro
Fund I

Hospitality Fund Regulated by the CMA

SAR 80,000,000

Dammam Rayhaan
Fund I

Hospitality Fund Regulated by the CMA

SAR 125,000,000

SHUAA Wadi Al Hada Fund

SHUAA Wadi Al Hada Fund

SHUAA Capital Saudi Arabia is the investment manager to SHUAA Wadi Al Hada Fund, a Capital Markets Authority (CMA) regulated fund with the primary objective of developing a high-end residential compound in Riyadh – Al Hada 3 Compound – comprising 549 units. 

The compound will be an elegant and highly amenitised mid- to high-end residential development. The fund’s term is due to expire in 2022, unless extended.

Centro Shaheen Jeddah

Centro Shaheen is strategically located in the city of Jeddah on Madinah Road with direct and fast access to and from Jeddah Airport and in close proximity to key demand generators including the new Haramain High Speed Train Station which is expected to connect pilgrims directly to Makkah within 45 minutes.

The property has been operating with positive EBITDA margins averaging c. 25% per annual with high occupancy rates of c. 75%, while ranking in the top 3 of its direct competitive set.

Centro Waha Riyadh​

Centro Waha is strategically located in the city of Riyadh on Al Olaya Road with direct and fast access to and from King Khaled Airport and in close proximity to key demand generators including an upcoming metro station at King Abdulla Financial District and major entertainment attractions.

The property has been operating with positive EBITDA margins averaging c. 25% per annual with high occupancy rates of c. 75%, while ranking in the top 3 of its direct competitive set in terms of RevPAR performance.

Dana Rayhaan Dammam​

Dana Rahyaan is located in the central business and residential district area of Dammam, approximately 2.5km north east of the city centre and business area (5 mins by car) and close to a man-made bay to the north. We expect this property to benefit from the increased footfall of new major entertainment destinations and events (ex: Dammam Season) that have already commenced within close proximity.

The property is strategically positioned to stand out from its limited direct competition once operational. The property has been developed to the specification of a modern 5-star hotel which is positioned to be relatively superior to its direct competitive set.