Investor Presentaiton
الواحة كابيتال
WAHA CAPITAL
PRINCIPAL INVESTMENTS
WAHA LAND
Overview
Waha Capital received a 6 km 2 land grant from the Government of Abu
Dhabi in 2007 for a mixed use industrial development
The project was divided into four equal phases (1.5 km 2 each) to allow
for flexibility in terms of scale and funding
Construction of Phase I infrastructure and 90,000 m² of leasable
industrial space was completed in Dec 2012 as a part of stage 1
- Leasing activity commenced in Q1 2013; achieved full occupancy by
the end of Q1 2015 for Small Industrial Units (SIUS).
-
Secured AED 426m bank funding to develop an additional 92,500 m²
of SIUS within Phase 1 (Stage 2a); development commenced with
target delivery by early 2018
H1 2017 Financial Highlights
Rental revenue and other income of AED 19.3 million
(H1 2016: AED 19.3 million)
Net operating profit of AED 12.9 million (H1 2016: AED 11.4 million)
Carrying value of AED 735.5 million as of 30 June 2017
Phase 1: SIUs and Serviced Land
Stage 1 (developed SIUS):
Nine shell and core buildings with
total leasable area of 90,000 m²;
buildings situated on a gross plot
area of 210,000 m² with ample
surrounding space for parking and
loading
Stage 2a (SIUS under development):
Shell and core buildings with total
leasable area of 92,500 m² under
development; buildings situated on
a gross plot area of c. 156,000 m²
(higher density)
Serviced Land:
Total plot area of c. 714,000 m² for
serviced land with infrastructure;
of which 15,000 m² has been
leased on long-term basis to a
third party
- Remaining plot area of c. 699,000
m² is suitable for multi-use (land
lease / further development of
industrial property etc.)
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