Podcast: Dubai's ENBD Reit eyes industrial sector for acquisitions
EXCLUSIVE: Anthony Taylor discusses lowering costs and valuation pressures with CW Viewpoint podcast
Despite “soft” market conditions, leasing growth has balanced the UAE’s real estate market performance in recent months, according to Anthony Taylor, head of real estate at ENBD Reit, which is managed by Emirates NBD Asset Management.
In this episode of the Construction Week Viewpoint podcast, Construction Week's features writer, Ashley Williams, talks to Taylor about ENBD Reit's plans to reduce costs, and how it is targeting long-term leasing assets, such as hospitals and schools, as part of its next focus for acquisitions.
“Industrial is a key focus for us at the moment,” said Taylor.
“Healthcare offers long-term leases for us such as clinics and hospitals, which are quite attractive for us, as well as schools. Looking at new acquisitions, we need to dig deep to who we are partnering with.”
ENBD Reit’s head of real estate also explains the valuation pressures that led to the group’s largest tenant, Huawei, vacating from Al Thuraya Tower 1 in Dubai Media City, part of the real estate investment trust's portfolio.
Business leaders are regular podcast special guests. The weekly bulletin has previously welcomed the likes of Lee French, Cundall Middle East’s operations director; Rizwan Sajan, founder of Dubai-headquartered building giant Danube Group; and tech entrepreneur Karim Helal, co-founder and chief executive officer of building portal ProTenders.
To volunteer yourself or a colleague as a guest speaker on Construction Week Viewpoint, please contact Ashley Williams.