Tadhamon Capital exits from property investment in London

Dubai: Tadhamon Capital said on Sunday it has successfully exited from an accomodation property in London with an Internal Rate of Return (IRR) of more than 25 per cent much higher than the originally projected returns of 16.5 per cent.

The sale of the 253 bed property, which was developed in a joint venture with McLaren Property in July 2012, saw investors of Tadhamon Capital achieve more than 70 per cent return on their invested capital within a 30 month period.

It has more than £350 million (Dh1.9 billion) of assets under management in the UK real estate market.