Property & Infrastructure Investments Division

OCB's Property & Infrastructure Investments Division actively sources and filters deals in both the real estate and infrastructure sectors, with its primary focus on investment opportunities in the GCC/MENA; Western Europe and Asia Pacific regions.

The focus within the GCC is primarily centered on highly differentiated infrastructure projects, which typically have a long gestation period, but high investor interest. Outside the GCC, the focus is on real estate sectors with a large supply / demand gap in the Asia Pacific region and the mature markets of Western Europe, which in turn show resilience to a recessionary environment.

Our target sectors for direct investments include:

• Differentiated real estate green field development opportunities; backed by end user demand in sectors, such as student accommodation, retirement lifestyle living and private non emergency procedure healthcare clinics
• The repositioning/recycling of existing underperforming brown field commercial properties, offering re-planning and layered applied asset management opportunities which can result in enhanced yield and exit value
• Green field industrial and infrastructure opportunities in the GCC mainly in the light industrial, logistics, water, waste water, transportation and alternative energy sectors.

Current Projects

In August 2009, Oasis Capital Bank B.S.C.(c) (“OCB”) invested in a joint venture with UNITE Group Plc, UK (“UNITE”) to develop, own, operate and exit three new student accommodation facilities in London at a total projected enterprise value of £161 million, of which OCB has a 75% ownership interest (“Project Hall”). UNITE, a U.K. listed company, is the U.K.’s leading developer and manager of student accommodation.

Project Hall comprises of a total of 1,129 student beds representing UNITE’s entire 2010 pipeline. The sites are situated in key student locations in London with excellent access to universities, transport links and local amenities. Debt was secured at an attractive loan-to-cost ratio from reputable UK banks in a difficult credit market. The project extensively utilized a modular room pod construction method, which helped to significantly reduce delivery time and thereby project cost and time to market. All three properties were completed on schedule with substantial development savings. Project Hall has enjoyed a successful start to letting its properties in the London student accommodation market for the academic year 2010-11.

For more information please contact: pii@oasiscapitalbank.com