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Landmark Properties, MIT-CRE sign strategic alliance

Landmark Properties, one the Middle East's leading real estate firms, today announced an exclusive corporate partnership with Massachusetts Institute of Technology's Center for Real Estate (MIT-CRE), the real estate program of one of the world's most prestigious educational institutions.

  • United Arab Emirates: Monday, October 06 - 2008 at 16:14
  • PRESS RELEASE


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Cliff Kelaita, Chairman and CEO of Landmark Properties.
Cliff Kelaita, Chairman and CEO of Landmark Properties.


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Under this new agreement both the entities, MIT-CRE and Landmark Advisory, the real estate research and analysis division of Landmark Properties, will conduct a series of research based initiatives on UAE's real estate market.

This will help leverage Landmark Properties' unparalleled research, consulting, asset management and financial services experience within their Advisory division as well as MIT-CRE's international partnerships network in emerging markets

Chairman of the Massachusetts Institute of Technology's Center for Real Estate, Tony Ciocetti, explained that Landmark Properties was the perfect fit for MIT-CRE in the region.

He said:

'We have had a long-standing relationship with many institutions from the region, however this is our first corporate partnership, and we are thrilled to partner with Landmark Properties.'



'Our responsibility is to enhance the Centre's mission of improving the global built environment through industry relevant research and to promote more informed professional practice. There is no better partner for that in the region than Landmark Properties,' he added.

Landmark Advisory provides market overviews, unparalleled research consultancy and real estate investment management services covering the Middle East and North Africa (MENA) region. This filters through to the retail brokerage operations at Landmark Properties, providing them with recommended product with significant 'best in class' due-diligence behind it.

Cliff Kelaita, Chairman and CEO of Landmark Properties, said:

'This is a great milestone for us and we look forward to working with MIT-CRE. Our market intelligence, consulting, and syndication division, Landmark Advisory, has developed a special relationship with MIT-CRE based on a shared vision and dedication to knowledge-based initiatives and approaches to Global Real Estate.'



He added, 'Leveraging MIT-CRE's industry relationships and other corporate partnerships, Landmark Properties will continue its expansion across the MENA region with the knowledge that we have developed from our strategic alliances with advisory groups from around the world who are considered to be 'best in class' consultants.'

Landmark Advisory has already hosted a group of summer interns from top US universities specializing in real estate programs. It plans to continue to do so this fall, working with MIT-CRE students on term-long projects which will enable cross-border education and interaction. The experience offers interns the opportunity to work across a wide range of disciplines, including real estate product development, sophisticated product development projects such as real estate derivatives, international benchmarking, and master-plan modelling.

With five locations already in the UAE - and offices opening in Qatar, Bahrain, Oman, Jordan, Egypt and Syria before the end of 2008 - Landmark Advisory is expanding its network throughout the MENA region to meet the needs of its clients and offer them unparalleled market expertise.

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Notes and media contacts

About Renno Communications Group:

Renno Communications Group (Renno CG) is a specialized corporate communications consulting agency, with offices in Dubai, Cairo, Amman and Beirut, as well as field coordinators in markets such as Bahrain, Qatar, KSA, Kuwait, Iraq, Syria and Turkey.

Renno CG is committed to delivering outstanding value and support to its clients by increasing their brand exposure throughout the Middle East. As a boutique Agency, Renno CG offers 110% commitment to client servicing; great attention to fine details, as well as commitment towards advancing the communications discipline in the Arab World.

About Landmark Properties:

Landmark Properties (LM) is jointly owned by a unique and dynamic group of experienced entrepreneurs with diverse backgrounds in investment banking, real estate development, marketing and Media Production. The company recently formed a strategic alliance with Amlak Finance.

Landmark Properties was created with one goal in mind: to strive to present a standard of real estate services yet to be offered in Dubai through our unsurpassed customer service and state of the art technology. LM boasts a multi-national group of Sales Executives, experienced within their specific fields, providing concentrated attention to individual sectors of the business. Landmark

Properties offer a professional, efficient service, dealing with all aspects of real estate and catering to the needs of both the individual and corporate client, specializing in:

• Residential Leasing
• Commercial leasing
• Freehold Property Sales
• Local(GCC) Property Sales
• Exclusive Project Marketing
• Investments
• Property Management
• Consultation and Advisory

Landmark Advisory:

Originally established in 2006 under the name of Landmark Consulting Associates, Landmark Advisory offers unparalleled research, consultancy and real estate investment management services covering the Middle East and North Africa (MENA) region. Our sophisticated market intelligence, combined with local and international networks and alliances, ensures that we provide invaluable advice to our clients. Landmark Advisory's experienced team has demonstrated ability to evaluate the viability of real estate projects and analyze and select quality investments for our clients' portfolios.

About MIT-CRE:

MIT-CRE is an interdepartmental research and educational unit within MIT's School of Architecture and Planning that administers MIT's Master of Science in Real Estate Development program, and provides a link between MIT and the real estate industry.

MIT founded the Center in the same spirit that it established its world-renowned engineering schools - to apply academic discoveries to practical problems in effective, creative ways. Mirroring MIT's multidisciplinary approach, the Center's programs investigate every field that impacts the real estate industry - from design and development to construction, management, finance, and the law.

For further information, kindly contact:

Landmark Properties
Yasmeen Seif
Tel: +9714 - 329 8484

Renno Communications Group
Samer Renno
Tel: +9714 - 427 8687
Siba Sami Ammari Posted by Siba Sami Ammari
Monday, October 06 - 2008 at 16:14 UAE local time (GMT+4)

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