09-11-2022
Lesha Bank LLC. (General) ("Lesha Bank or the Bank") announced the acquisition of the second building of the headquarters of a company located in Columbus, Ohio, in the United States of America. The move follows the acquisition of the company's first building in May 2021 as part of the bank's strategy that focuses on expanding into the US real estate market.
This property constitutes the second phase of the acquisition of two buildings housing the company’s headquarters, which was completed in October 2022. The smart technology-equipped building features a modern architectural design with an area of 200,000 square feet aimed at creating an interactive community within modern offices in the Trophy category, the building is also designed to obtain LEED Platinum certification (Leadership in Energy and Environmental Design), and achieve compliance with the global (WELL) system standards for green buildings. The building is 100% leased under a long-term lease agreement. The tenant is an American company operating in the health information technology sector, and its parent company is one of the companies listed on the "Fortune 100" list.
This transaction represents the bank's 12th acquisition in the field of Shariah-compliant real estate investment in the US real estate market, after entering the US market for the first time through its acquisition of a residential building designed for families in 2017. This acquisition comes as a confirmation of the bank's ambition in Take advantage of the investment opportunities in the US real estate market and strengthen its position to achieve further growth and expansion in this well-established sector.
Commenting on this investment, the Chairman of the Board of Directors of the Bank, His Excellency Sheikh Faisal bin Thani Al Thani, said: “We are proud of the acquisition of this property, which is another solid milestone for the Bank’s continued efforts to build its investment portfolio in compliance with the provisions of Islamic Sharia, and this acquisition represents a strong confirmation of our strategy of investing in high-quality, income-generating real estate assets in the US real estate market.”
For his part, Mr. Abdulrahman Totonji, CEO of Lesha Bank, added: "We are very pleased to acquire this historic transaction, which is an important architectural landmark for the city of Columbus, Ohio. We are also committed to providing investment opportunities in the United States and abroad to meet the needs of our investors."