Built to inform

Sign up for the daily newsletters

No, Thank you

Saudi Arabia's Arbah Capital buys Glasgow's Sauchiehall building

$76-million transaction will help attain value amid uncertainty in the UK, CMA-licensed Arbah Capital says

Arbah Capital has acquired the Sauchiehall building [representational].
Arbah Capital has acquired the Sauchiehall building [representational].

Saudi Arabia-based Arbah Capital has acquired the Sauchiehall building in Glasgow, UK, valued at $76m (SAR285m), through a sharia'a-compliant investment structure, with Arbah saying that the acquisition represented a “core long term investment” and would help attain value at a time of uncertainty in the UK.

The investment firm, which is licensed by the kingdom's Capital Market Authority (CMA), added that the Sauchiehall building aligned with its main strategy to focus on acquisitions of distinctive assets.

The mixed-use property is a 2.87ha LG+G+6F structure, and features a multi-storey car park as well. 

Commenting on the transaction, Arbah Capital's chief executive officer, Mahmood Al Kooheji, said: “This purchase enhances Arbah’s strategic alliances and relationships which further supports its position as an international gateway into the Saudi Arabian and the regional investors market.”

Most popular


Dubai's JW Marriott Marquis Hotel to host CW Awards 2019
15th edition of the CW Awards will be held at the five-star Dubai hotel to


MOID's Anwaar Al Shimmari to deliver Leaders UAE 2019 keynote
Chief innovation officer at Ministry of Infrastructure Development to headline Dubai construction conference tomorrow

Latest Issue

Construction Week - Issue 749
Sep 15, 2019