Baker McKenzie with OFC for a 24.5% stake in ICDBP

Baker McKenzie advised the Olayan Financing Company (“OFC”), on the acquisition of a 24.5 percent stake in ICD Brookfield Place (ICDBP), the region’s premier lifestyle and business location within the Dubai International Financial Centre (DIFC).

As part of the transaction, OFC, together with Lunate, an ADQ-backed alternative investment manager, will acquire a combined 49 per cent stake in ICDBP from the Investment Corporation of Dubai (ICD) and global investment firm Brookfield.

Baker McKenzie’s team

Baker McKenzie’s team comprised partner Mohammad Al Rasheed (pictured left), partner Marcos Spanos (pictured centre), senior associate Haya Masoud and associate Neda Bahador (all corporate); partner Keri Watkins (pictured right), senior associate Amir Ali, associate Tessa Crawford, associate Jana Al–Afoo (all real estate) and senior associate Chaya Gupta (banking and finance).