Abu Dhabi’s Yas Invests in Peninsula Ahead of Planned IPO

Abu Dhabi investment group Yas Holding LLC announced a strategic investment in Peninsula Real Estate, which has been planning an initial public offering in the United Arab Emirates’ capital.

No details on the size of Yas’ investment or the valuation were provided in the statement on Thursday. Bloomberg News reported on talks between the two firms in March, ahead of a potential Abu Dhabi IPO that could raise about $550 million.

“We will be leveraging this opportunity to further our growth plans for a portfolio which is underpinned by a compelling financial profile and attractive yield,” said Asad Hussaini, ...