Astart Capital, the global joint venture company that specializes in real estate assets, today announced that U Capital Investment Management (“YCIM”), a joint venture between Astart Special Operations (“ASOP”) and U Capital, has finalized The first closing of U Capital 2 ("YCFII"). The U Capital Investment Management will thus secure a new capital of £ 200 million to invest in investment projects.
U Capital Investment Management focuses on investing in modernizing the areas in the heart of the city and converting modern real estate into high-quality assets that will be the "nucleus of the future", especially in the Greater London area.
The fund seeks to obtain a total amount of 400 million pounds as well as a similar amount to be spent on future joint investments. The capital raised by the fund in the first closing comes from all parts of the world, especially from investors in the Arab Gulf region and the Middle East. U Capital Investment Management ("YCIM") is planning to invest the funds of U Capital 2 in a range of investment opportunities with a focus on the healthcare, education and hospitality sectors. The company is scheduled to conduct a second closing process at the end of June 2020, targeting to obtain a capital that the partners committed to pay in advance, and the company will take all necessary measures to make this process successful. Is worth
The launch of U Capital 2 fund was announced earlier in the third quarter of 2019 after the successful investment of U Capital 1 fund of 1.3 billion pounds in the Olympia project in partnership with a group of major investment companies.
Astart Capital Partners specializes in establishing the best-in-class asset management projects in the real estate sector backed by George Farha, an entrepreneur with close ties to investors in the Gulf region.
On this occasion, Dr. Stavros Seokos, CEO of Astart Capital commented: “We are delighted by our long-term partnership with U Capital. The first closing of our fund has enjoyed unlimited support from our investor base in all science to be a testimony to the confidence our investors place in our joint strategy. , And the ability of the London real estate market to withstand the challenges. "
For his part, George Farha said: "Our company considers the process of searching for unique opportunities and contributing to them an irreplaceable opportunity, especially in the city of London. It also welcomes the joining of investors from the Arab Gulf countries and the Middle East to take advantage of these opportunities in the United Kingdom after the epidemic is passing through It has the world now. "
U Capital 2, thanks to its skills in asset management and development and expertise in medium and long-term investments, will create world class public areas that will benefit both communities and investors working in them, as well as create jobs and infrastructure that enhance the value of the real estate sector in United kingdom.
“This fund was very popular with the Arab Gulf region, in which I have lived for a long time, and I know the nature of its investors,” Farha added. They are looking for transparent investment opportunities with companies with a long track record in business. Our company focuses on investing in real estate, infrastructure, natural resources and transportation. I have met many experienced investors in the Gulf countries and they have fully realized that this is the best time to invest in the Kingdom. "