Asset class segment
Retail (malls)
Total no. of assets to be acquired
4
No. of owned assets to be acquired
3
No. of leased assets to be acquired
1
% of income generating assets
100%
Total fund size
SAR 1,180,000,000
Leasehold assets value as % of fund
14%
Targeted net rental proceeds – 2018
SAR 101.92 million
Current occupancy rate %
96.38%
Targeted Net yield to fund
8.60%
Fund Management fees
0.75% annually of the NAV
Other Fund costs
0.15% annually of the NAV (capped at 0.5%)
Targeted Net yield to investor – 2018
7.7%
Subscription fee
1% of subscription amount (including VAT)
Debt raising fee
1.0% of the debt financing raised beyond and above any debt arrangement fee charged by the banks
Acquisition fee
1% of acquisition/selling price
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