Arbah Capital, a leading Islamic boutique investment firm headquartered in Dammam, Saudi Arabia, said it has purchased a 226,548-sq-ft office building in the US for $59 million in partnership with Hampshire Stateside. 

 

Located in booming market of Orlando, Florida, the ‘class A’ building - Arbah-US Office I - is leased to Siemens Energy on a long-term basis.

 

Siemens Energy is a subsidiary of Siemens Energy AG, an investment grade entity listed on the Frankfurt Stock Exchange. 

 

Arbah Capital said the asset is expected to yield 8.5% annually while its projected investment strategy is to implement asset management strategies to enhance the value of the asset and exit towards the end of the holding period through 2026.