Istithmar World announces sale of 230 Park Avenue, New York

Notes and media contacts

For further information, please contact:
Four Communications Group
Greg Moore
+971 4369 3726 / +971 55 985 3375

Istithmar World Real Estate
Caroline McComb
+971 4 375 9592 / + 971 50 658 5117
Rozana Adams
+971 4 375 9527 / +971 50 459 3326

Istithmar World Real Estate and Dubai World

Istithmar World Real Estate, a division of Istithmar World PJSC, the investment arm of Dubai World, manages investments in commercial property, retail, the leisure sector and hotels.

It also has a unit focused specifically upon developing real estate investment opportunities in the hotels sector.

With more than $10bn of assets under management, Istithmar World Real Estate's strategy is to earn exceptional returns through the acquisition and active management of substantial investments in key locations around the world.

Istithmar World Real Estate is run by group chief executive Alan Rogers.

Dubai World is the holding company which manages and supervises a portfolio of businesses and projects for the Dubai Government, working towards making Dubai the leading hub for trade and commerce. Dubai World has more than 50,000 employees in more than 100 cities around the world and its companies include DP World, P&O Ports and Ferries, Nakheel, Inchcape Shipping Services, Tejari and Tamweel.