December 14, 2021

Arzan advises on Beverly Hills office building purchase

categories : real estate

Arzan Wealth Limited, a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, has advised its client on the acquisition of The Post, a trophy creative office building located in Beverly Hills, California.

The Post is a meticulously designed best in class boutique media asset in prestigious Beverly Hills. Originally constructed as a postal distribution facility, The Post was converted in 2019 into trophy creative office space, featuring 103,555 rentable square feet and an adjoining 3-storey parking structure. The property is located in Beverly Hills’ Entertainment & Media Business District, the prime hub for high-profile media and entertainment firms.

The Property is currently 100% leased with a lease term of around 11 years to Live Nation Entertainment and US Postal Services (USPS). The anchor tenant Live Nation holds centre stage as the world’s largest ticket seller and promoter of live entertainment with a market cap of $18 billion as of April 15, 2021.

Arzan Wealth advised on the structuring and acquisition of the asset and will continue in this role during the holding period of this investment, which is projected to deliver average monthly income to clients equal to 8.90% per annum.

Muhannad Abulhasan, CEO of Arzan Wealth said: “The Post asset should deliver solid returns for our clients. Similar to prior Arzan Wealth deals, this asset is expected to be a safe investment that protects the principal of our clients while providing them with a secure and attractive monthly distribution.

“This acquisition is also timely for our clients, who have received from Arzan Wealth several profitable exits during 2021, thus allowing them to re-deploy capital into new and attractive opportunities. We will ensure prudent risk management and attractive financial results are delivered to our valued clients with the objective of protecting their wealth and legacies.”

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