{"id":371464,"date":"2020-09-03T09:25:17","date_gmt":"2020-09-03T03:55:17","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=371464"},"modified":"2020-09-03T10:03:05","modified_gmt":"2020-09-03T04:33:05","slug":"abu-dhabi-national-oil-company-signs-5-5-billion-real-estate-deal-with-apollo-led-consortium","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/abu-dhabi-national-oil-company-signs-5-5-billion-real-estate-deal-with-apollo-led-consortium\/","title":{"rendered":"Abu Dhabi National Oil Company signs $5.5 billion real estate deal with Apollo-led consortium"},"content":{"rendered":"<p>Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had entered into a $5.5 billion real estate investment partnership with a consortium led by Apollo Global Management Inc.<\/p>\n<p>ADNOC said in a statement that the transaction will result in upfront proceeds of $2.7 billion to ADNOC and is expected to close before year-end.<\/p>\n<p>&#8220;The strategic investment will leverage the rental income streams from select ADNOC real estate assets under a 24-year master lease agreement,&#8221; it added.<\/p>\n<p>Under the real estate transaction, which ADNOC said was one of the region\u2019s largest, private equity firm Apollo led a consortium of institutional investors to acquire a 49 percent stake in Abu Dhabi Property Leasing Holding Company (ADPLHC), which is a wholly-owned affiliate of ADNOC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had entered into a $5.5 billion real estate investment partnership with a consortium led by Apollo Global Management Inc. ADNOC said in a statement that the transaction will result in upfront proceeds of $2.7 billion to ADNOC and is expected to close before year-end. &#8220;The strategic investment will leverage the rental income streams from select ADNOC real estate assets under a 24-year master lease agreement,&#8221; it added. Under the real estate transaction, which ADNOC said was one of the region\u2019s largest, private equity firm Apollo led a consortium of institutional [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-371464","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=371464"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/371464\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=371464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=371464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=371464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}