Bryan Cave Leighton Paisner advised Masdar on the deal.
Masdar, a subsidiary of Mubadala Investment Company and a pioneer in sustainable urban development, partnered with Emirates NBD Asset Management (Emirates NBD) to receive management services for the UAE’s first sustainable real estate investment trust – the Masdar Green REIT. The Masdar Green REIT has been established at Abu Dhabi Global Market as a Qualified Investor Fund.
The Masdar Green REIT portfolio currently includes four commercial properties within Masdar City, the pioneering sustainable urban development project, and technology and innovation hub, in Abu Dhabi. All of the properties consume approximately 40 percent less electricity and water than comparable buildings in Abu Dhabi.
Active in more than 30 countries, Masdar has advanced the commercialization and deployment of renewable energy, sustainable urban development and clean technologies to address sustainability challenges since 2003.
Abu Dhabi Real Estate Partner Hazel Shakur Quinn (Picture) led the BCLP team advising Masdar, which also included Dubai Counsel Greg Nixon, London Partner Richard Werner and Dubai Associate Flora Haidar.
Involved fees earner: Flora Haidar – Bryan Cave Leighton Paisner; Greg Nixon – Bryan Cave Leighton Paisner; Hazel Shakur Quinn – Bryan Cave Leighton Paisner; Richard Werner – Bryan Cave Leighton Paisner;
Law Firms: Bryan Cave Leighton Paisner;