Clifford Chance is advising Multiply Group on the sale of its UAE-based district cooling business, PAL Cooling Holding and its subsidiaries, to a consortium comprising National Central Cooling (Tabreed) and CVC DIF. The operation values approximately at AED 3.8 billion. Subject to regulatory approvals, closing is planned for later this year. Founded in 2006, PAL […]
Deal & transactions
Real Estate, Construction & Infrastructure
Baker McKenzie wirh Izdihar on GEMS’ real estate acquisition
Baker McKenzie has advised Bank Muscat’s Izdihar Real Estate Fund, on its acquisition of the real estate of GEMS School of Research and Innovation in Dubai. The new British Curriculum school plans to start
Real Estate, Construction & Infrastructure
Clifford Chance with Disney on Abu Dhabi theme park opening
Clifford Chance is advising The Walt Disney Company (Disney) on its partnership with Miral for the development and operation of a new Disney theme park resort on Yas Island, Abu Dhabi. The context The Abu
Deal & transactions
Real Estate, Construction & Infrastructure
King & Spalding with NBK Real Estate Fund on Hartland’s
King & Spalding represented NBK Capital Partners Real Estate Fund on the sale of the real estate leased to Hartland International School in Dubai to Elevate, a portfolio company backed by Rava Partners in collaboration
Deal & transactions
Real Estate, Construction & Infrastructure
King & Spalding with Sweid & Sweid on Aurora Tower
King & Spalding advised real estate private equity and development firm Sweid & Sweid on its acquisition of Aurora Tower, an office building located at the center of Dubai Media City. The tower encompasses a
Matouk Bassiouny & Hennawy (MBH) advised the owning entity on negotiating and executing management agreements with Rixos Egypt, in connection with the development and operation of the Rixos Montaza Alexandria Hotel. The facility Located
Matouk Bassiouny & Hennawy (MBH) advised Xin Feng Steel Egypt and Xin Feng on its agreement with the General Authority for Suez Canal Economic Zone (SCZONE). The context The agreement in question enables Xin Feng
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar acquires AED 2.3b RE property: the advisors
Baker McKenzie assisted Aldar, an Abu Dhabi-based real estate developer, in the acquisition of an AED 2.3 billion commercial office and retail tower from H&H Development. The tower is in the Dubai International Financial
Deal & transactions
Real Estate, Construction & Infrastructure
Squire Patton Boggs with Taaleem on acquisiton
Squire Patton Boggs advises Taaleem Holdings on the acquisition of Lycée Libanais Francophone Privé Meydan School (LLFP Meydan) in Dubai. Taaleem is one of the largest K-12 premium education providers in the UAE. LLFP
Deal & transactions
Real Estate, Construction & Infrastructure
MBH on syndicated EGP 4.35 billion loan to developer
Matouk Bassiouny & Hennawy (MBH) acted as legal counsel to a syndication of banks in connection to an EGP 4,35 billion syndicated loan. The institutions involved include First Abu Dhabi Bank Misr, Emirates NBD Egypt, Abu
