Apollo forms $5.5bn real estate partnership
The Abu Dhabi National Oil Company (ADNOC) has teamed up with an investor consortium led by Apollo Global Management to create a $5.5 billion real estate partnership.
For the $414 billion alternative investment giant Apollo the deal highlights the firm’s direct origination yield strategy alongside real estate and infrastructure expertise. For ADNOC, the transaction allows them to unlock value from non-oil and gas strategic infrastructure to invest into its core business and strategic growth projects.
The investment leverages the rental income streams from select ADNOC real estate assets across the Emirate of . . .
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