Amanat sells education real estate for $123.35m

24/08/2025 03:48 AST

Amanat Holdings, a leading healthcare and education listed investment company, has completed the sale of its education real estate asset for AED453 million ($123.35 million).

Delivering an unlevered cash-on-cash multiple of 1.7x and an internal rate of return of 10%, the transaction will generate a net cash return of AED294 million, underscoring the strength of Amanat's investment strategy, the company said.

The asset comprises the real estate of North London Collegiate School, acquired by Amanat in June 2018 for AED360 million, with Amanat subsequently funding a capital expansion of AED33 million, increasing Amanat's total investment in the asset to AED393 million.

This successful exit is a clear demonstration of Amanat's "identify, grow, monetise" strategy, which focuses on investing in high-potential assets, accelerating their growth, and monetizing them at the right time, with proceeds used to unlock value for shareholders and to generate capital to invest in similarly attractive investment opportunities, it said.

Amanat's Chairman, Dr. Shamsheer Vayalil, said: "The sale of our non-core education real estate asset at a compelling valuation is a testament to Amanat's ability to identify, grow, and strategically exit our high-quality investments. This transaction broadens our strategic options and reflects our continued focus on unlocking value and generating superior returns for shareholders. Moving forward, we remain committed to growing our market-leading Education and Healthcare businesses whilst at the same time delivering on monetization opportunities that generate further shareholder value."

John Ireland, Chief Executive Officer, added: "We are pleased to have completed the sale of our education real estate investment at a premium to our original investment, delivering a compelling financial return. It demonstrates the strength of Amanat's investment model - from disciplined entry and portfolio development to value-led monetization.

"The AED453 million in proceeds from this transaction enhances our balance sheet and provides flexibility to return value to shareholders and deploy capital into new opportunities that are aligned with our strategic priorities. We remain focused on scaling our high-performing assets and continuing to deliver strong and sustainable shareholder value."

Trade Arabia