Al Mal Capital REIT buys its maiden hospital asset

IT ACQUIRES NMC ROYAL HOSPITAL'S REAL ESTATE COMPLEX

- BY DHANUSHA GOKULAN

NMC Royal Hospital’s real estate asset in Dubai Investments Park has been acquired by Al Mal Capital REIT, the DFM-listed real estate investment trust said in a statement yesterday.

The landmark deal marks the first health care investment for Dubai’s first listed REIT. Al Mal Capital REIT is a subsidiary of Dubai Investments.

Expanding portfolio

The statement does not reveal the acquisition price; however, the purchase brings AMCREIT’s total portfolio value to approximately Dh1.4 billion across six assets.