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Lunate and Olayan acquire 49% stake in ICD Brookfield Place from Investment Corporation of Dubai and Brookfield Corporation

Lunate and Olayan acquire 49% stake in ICD Brookfield Place from Investment Corporation of Dubai and Brookfield Corporation

04/08/24, 9:18 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/AE.svgabu dhabi
https://purecatamphetamine.github.io/country-flag-icons/3x2/SA.svgriyadh
https://purecatamphetamine.github.io/country-flag-icons/3x2/AE.svgdubai
Industry
angel investment
venture capital
finance
financial services
lending
real estate
financial services
Lunate and Olayan Financing Company have each acquired a 24.5% shareholding in ICD Brookfield Place, a prime mixed-use real estate development in the heart of the Dubai International Financial Centre. This significant acquisition demonstrates Lunate's commitment to strategic investments in high-quality assets globally and aligns with Olayan's commitment to investing in sustainable real estate assets.

Company Info

Company
Lunate
Location
Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates
Company info
Lunate is a global alternative investment manager focused on making strategic investments in high-quality assets globally. It demonstrates commitment to Long Term Capital strategy and strengthening its Real Assets portfolio through acquisitions.
Company
Olayan Financing Company
Location
Riyadh, Riyadh Region, Saudi Arabia
Company info
Olayan Financing Company (OFC) has acquired a 24.5 percent stake in ICD Brookfield Place (ICDBP), the prestigious lifestyle and business location within the Dubai International Financial Centre (DIFC). This landmark acquisition, in collaboration with Lunate, an ADQ backed alternative investment manager, represents a significant step in strengthening OFC's investment portfolio in the real estate sector.