A GLOBAL RESEARCH AND TESTING LABORATORY CAMPUS SOLD SUCCESSFULLY IN MADISON, WISCONSIN, USA BY ARZAN WEALTH.

Dubai, United Arab Emirates, 06 December 2021

Arzan Wealth (DIFC) Limited (Arzan Wealth), a Dubai-based advisory firm managed by the Dubai Financial Services Authority, is pleased to declare that it has advised its client on the sale Pharmaceutical Product Development (PPD) laboratories campus (The Property), located in the university town of Madison, Wisconsin, USA.

The sold property is a Class A, 233,694 square-foot medical lab leased to Pharmaceutical Product Development (PPD); a world popular Contract Research Organization (CRO) providing chemistry, manufacturing and controls (CMC) laboratory services for all phases of drug development. As it is mission critical to their US-based operations, PPD has been a long-term and expanding tenant at this property since it was built in 1996.

The PPD asset was acquired in March-2017 as part of Arzan Wealth's yielding asset platform with an objective of producing an average annual yield of 8.8% to investors, and an IRR of around 10% over a five-year holding period. Arzan Wealth advised on the exit of this investment, generating a net IRR that was comfortably ahead of the target for investors, inclusive of the 8.80% per annum monthly yield payments that were distributed during the holding period of 4.3 years.

I am very pleased that we have been able to continue our track record of profitable exits on behalf of our clients, and in exceeding the returns projected to investors on this transaction. I would like to congratulate our valued clients who put their trust in Arzan Wealth and invested into the PPD asset. We are grateful for their trust and confidence in Arzan Wealth, and we look forward to being able to fulfill the investors long-term investment objectives with new opportunities. said Muhannad Abulhasan, CEO of Arzan Wealth.