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Region's First Logistics Fund

Overview

Manrre Logistic Fund is being established to provide investors with a regular source of income by way of annual dividends of at least 80% of its audited annual net income, and lock-in capital appreciation by investing only in Grade A assets. Manrre Logistic Fund invests in income-producing warehouses, logistics, commercial and industrial real estate properties with a primary focus in the UAE. Manrre focuses on long-term and stable rentals of logistics and commercial properties, with high exposure to the rapidly growing e-commerce market, a strategy focused on high-yield and a commitment to capital preservation.

In Brief

 

Value of Portfolio $72.3 Million
Net Value Asset $40.6 Million
Fixed Coupon Yield 8% (2% quarter)
Annualized Return* 12%
Occupance 86%
WALT** 4.7 years

*Annualized Return- Compound Annualized Total Return including coupon
** WALT - Weighted average lease term

Performance
Performance
Property Diversification by Sector
Property Diversification by Sector
Property Diversification by Location
Property Diversification by Location
Key Facts
REGULATION Domiciled in the DIFC and registered with Dubai Financial Services Authority (the “DFSA”)
TYPE OF FUND Closed-Ended
CORPORATE STRUCTURE Exempt Fund
FUND TERM 5 years, subject to extension for two additional 1-year periods
MINIMUM INVESTMENT $50k
POTENTIAL FINANCING Up to 50% of the total Gross Asset Value
CURRENT YIELD 12% annualized (8% fixed + 4% special dividend)
ANNUAL DIVIDENDS at least 80% of the fund’s audited annual net income
DIVIDEND DISTRIBUTION Quarterly
FEE STRUCTURE Advisory Fee 1.5% of NAV. Performance fee 20% of the increase in NAV above the Hurdle Amount
Top-Tier Service Providers
Manree Fund Top Providers
Top-Tier Service Providers
Manree Fund Top Providers
Investment Strategy

A Proven Strategy for Regular Income and Capital Appreciation

The fund follows a stable, low-risk strategy that involves investing in commercial assets. Manrre Logistic Fund focuses on institutional-grade real estate investment opportunities with high yields and commitments to capital preservation

A Disciplined Approach

Manrre Logistic Fund invests mainly in logistics real estate –warehouses, distribution facilities, fulfillment centers. Of its portfolio total built-up area, logistics and industrial account for 70% of assets. This is the asset class most sought after by institutional and sophisticated investors, thanks to steady returns and capital appreciation

Capitalizing on the Rapidly Growing E-Commerce Market

Manrre Logistic Fund is the first fund in the region to take advantage of the e-commerce and logistics trends. While this dynamic has already caused logistics to become the hottest real estate investment class globally, the trend is only beginning in the GCC and remains overlooked

Continual Growth

Manrre continues to seek income-producing properties that provide the potential for superior risk-adjusted returns. Manrre Logistic Fund aims to acquire $100-150 million per year of assets in industrial market across MENA. With limited supply, increasing demand and attractive real estate prices at this stage in the market cycle, Manree sees ideal conditions for investment

Highly Selective Asset Acquisition Strategy

For 35 years, quality has been at the heart of asset acquisition. This careful approach to acquisition has ensured that, even when the economy has slowed, income generation has remained strong. Manrre focuses mainly on institutional-grade logistics and industrial properties in locations including Jafza, Dubai Investments Park and Dubai South

Investment In-Kind

Manrre accepts investments in-kind of those assets which fit into the fund’s investment strategy, and which will be accepted into the fund in exchange for shares. This will allow in-kind investors enjoy added diversification and returns without the operational obligations of property management and maintenance

Value Propostion

A Stable Income Now, with Strong Growth for the Future

A Rewarding Return

To date, Manrre reported a total annualized return of 12% since inception, with a portfolio valuation of $72.33 million at the end of 2019.The current portfolio shows higher than average yields seen in the industrial assets space

A Diversified, Disciplined, Durable Portfolio

The current portfolio comprises of logistics and industrial properties spread across established free zones, staff accommodation, office assets located within the Business Bay district and JAFZA

Low Tenant Turnover

Manrre has achieved an optimal tenant mix. The current portfolio has been historically keeping low turnover of key tenants, producing stable returns. The Weighted average lease term is 4.7 years

35 years in Dubai Real Estate

Manrre is the culmination of 35 years of Dubai real estate investment experience. “Palmon Group, the sponsors of Manrre, have been investing in logistics and industrial warehouses in Jafza since its inception," said His Excellency Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, “I have witnessed their growth from humble beginnings in 1985 to become arguably the most experienced and successful investors in the regions leading logistics hub”

A Personal Involvement

Fund Management Team holds a large portion of the shares in the Fund, and constantly supervise investment activities

Lower Minimum Initial Investments

The challenge for investors is the inability to access high value real estate which generates better returns as it typically requires larger ticket size. Manree invites eligible investors across the globe to secure a rewarding investment opportunity, starting at US$ 50k