In an interview with the reporter of Iran’s Capital Market News Agency (Sena), Ali Bigzadeh discussed the subscription process for the country’s first banking network real estate investment fund. He noted that this fund, classified as a REIT—a globally recognized investment vehicle—is the third real estate investment fund in Iran’s capital market and the first within the country’s banking network.
Bigzadeh described the establishment of real estate investment funds as an efficient mechanism for banks to unlock value from frozen assets. He added that the primary investors in these funds are typically individuals interested in fixed assets and real estate.
According to Bigzadeh, investors in real estate investment funds can benefit not only from rental income but also from the capital appreciation of properties upon their sale.
Target Investors
The CEO of Shahr Financial Group highlighted that these funds are suitable for investors with limited capital who seek to participate in the real estate market. He emphasized that the “Amin Shahr Yekom” fund, associated with Bank Shahr, includes a property valued at 1,690 billion IRR based on expert appraisal.
In conclusion, Bigzadeh noted that during the subscription period, facilitated through the Farabourse, units priced at 1,000 IRR will be offered to the general public, with expectations of strong investor interest in the subscription process.
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