Global law firm Ashurst has advised the Abu Dhabi National Oil Company (“ADNOC”) on its strategic real estate investment partnership with the Abu Dhabi Pension Fund (“ADPF”). The partnership will see ADPF invest in an ADNOC entity that holds lease rights to a diversified portfolio of real estate assets located in the Emirate of Abu Dhabi (the "Portfolio"), which are valued at US$5.5 billion. This transaction follows the US$2.7 billion investment relating to the same assets in September last year by accounts and entities owned and/or advised by Apollo Global Management Inc. and a group of institutional investors, on which Ashurst also advised ADNOC.
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