Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’s efforts to make its communities more energy efficient and environmentally friendly. Aldar’s latest retrofit project is set to […]
Egypt
News
Real Estate, Construction & Infrastructure
Misr Italia Properties invests USD 77m in launch of Vinci Lagoons
Egyptian real estate developer, Misr Italia Properties, the real estate subsidiary of Misr Italia Holding, has launched the new phase of Vinci project with an investment of EGP1.50 billion (USD77.3 million). The new Cairo residential project Vinci Lagoons New Capital spans over 110 acres, near the Diplomatic District in the New Administrative Capital (“NAC”). The project […]
Deal & transactions
Other
Real Estate, Construction & Infrastructure
Northacre collaborates with St. Regis for No. 1 Palace Street
Northacre, a subsidiary of asset management and investment banking platforms Shuaa Capital, has joined forces with St. Regis hotel brand at No 1 Palace Street. The collaboration on the project located opposite Buckingham Palace, is testament to the successful re-development of this site, comprising 72 luxury apartments and incorporating an existing Grade II listed building, […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Al Tamimi & Company with Peninsula on a AED555m assets deal
Peninsula Real Estate Management Limited (“Peninsula”), a real estate investment company incorporated in Abu Dhabi Global Market, has agreed to purchase for an amount of AED 555 million 17 leased warehouse buildings situated on five plots at the Almarkaz Industrial Development from Waha Capital, an Abu Dhabi-listed investment management company, through its wholly owned subsidiary […]
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar Properties acquires RAK based property for AED810m
Abu Dhabi-based developer, Aldar Properties, via its Aldar Investment business, has expanded its hospitality and leisure investment portfolio in the UAE with the acquisition of the beachfront resort DoubleTree by Hilton Resort & Spa Marjan Island in Ras Al Khaimah, as well as an adjacent beachfront development plot for AED810 million (USD220.5 million) from Mohamed […]
IPOs
Real Estate, Construction & Infrastructure
United Arab Emirates
Tecom Group completes DFM listing and raises USD462m in IPO
Tecom Group, a manager and operator of 10 strategic, sector-focused business districts across Dubai, has successfully raised approximately AED 1.7 billion (USD462.8m) through an initial public offering (“IPO”). The Group has listed on the Dubai Financial Market (“DFM”) on 05 July 2022 under the ticker symbol “TECOM”. The Global Offering drew substantial demand and […]
IPOs
Real Estate, Construction & Infrastructure
Saudi Arabia
Retal Urban Development Co. Initial public offering in Saudi Exchange
Retal Urban Development Co. (“Retal”), a next generation real estate developer of integrated master plan communities offering a portfolio of lifestyle-oriented residential, commercial, and mixed-use properties in the Kingdom of Saudi Arabia announced its Intention to Offer 30% of its share capital to the public through an initial public offering (“IPO”) and listing its shares […]
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
Al Mutlaq Group signs a USD400m joint venture agreement with
The Red Sea Development Company Announces First Joint Venture Agreement with Al Mutlaq Group for Red Sea Project Almutlaq Real Estate Investment Co. (“AREIC”), a subsidiary of the Al Mutlaq Group (“AMG”), has entered into a joint venture agreement worth SR1.5 billion (USD400 million) with The Red Sea Development Company (“TRSDC”), a closed joint-stock company […]
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
AlQamzi Developments to inject EGP14bn investments in Egypt
AlQamzi Developments has unveiled its strategic expansion plan in the Egyptian market, saying that it will inject investments worth EGP14bn in the span of four years. Yasser Zidan the Egyptian partner and executive chairman of AlQamzi Developments said: “The company has already started the implementation of its expansion strategy in the Egyptian market. It is […]
IPOs
Real Estate, Construction & Infrastructure
United Arab Emirates
Tecom Group raises AED1.7bn in its IPO on Dubai Financial
Tecom Group, a strategic business enabler and a part of Dubai Holding, raised AED1.7 billion (USD463.2 million) from its initial public offering on the Dubai Financial Market. Subject to market conditions and the obtaining of relevant regulatory approvals in the UAE, Tecom’s shares will begin trading on the Dubai stock exchange on July 5 under […]
