CBRE applies insight, experience, intelligence and resources to help clients make informed business and real estate decisions.
CBRE established its operations in the United Arab Emirates with offices in Abu Dhabi and Dubai. CBRE has advised investors from the Middle East for many years and leverages the industry's most powerful knowledge base to meet the commercial real estate needs of its clients in the UAE.
Commenting on its presence in the UAE Market, Nicholas Maclean, Managing Director, CB Richard Ellis Limited, Middle East said, "CBRE has demonstrated its expertise as the world's leading property advisor and are now pleased to announce that its offices are functional in the UAE as well. Our partnership with with Dubai International Capital and The Developers is part of our strategic move to broaden our activity base in the region.
The UAE has become an international hub for business investments and the exceptional growth witnessed here has acted instrumental in CBRE's decision to set up its regional headquarters in the country".
CBRE partners with Dubai International Capital (DIC), an international investment company, manages an international portfolio of diverse assets that provide Dubai Holding and its stakeholders with Value Growth, Diversification and Strategic Relationships.
"DIC is delighted to be working with CBRE. This is a landmark partnership and we aim to play an important role in the development of the real estate industry in the UAE by offering lucrative investment opportunities to potential investors. Together with CBRE's world class services, global network and best practice, we will be able to significantly raise the bar of the real estate industry", said Sameer Al Ansari, Chief Executive Officer, Dubai International Capital.
In the capital, CBRE partners with The Developers, a UAE investment development company based in Abu Dhabi that offers reliable property evaluation and management services in the real estate development sector.
Commenting on its venture with CBRE, Omair Saoud Al Dhaheri, Chairman and Board Member of The Developers said, "We are glad to be associated with CBRE's global network. The partnership gives us access to the best practices in the world. We will be able to reach out to an international audience and offer investment opportunities to a wider market"
CBRE has a highly experienced team of professionals from around the world to provide the best quality consultancy services including: research, valuation, financial modeling and development consultancy. CBRE advises investors from outside the region who are interested in business opportunities in the UAE and region. Local investors will benefit from CBRE's recommendations about global opportunities that will enable the creation of a diversified property portfolio.
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CB Richard Ellis partners with Dubai Holdings and The Developers
- United Arab Emirates: Sunday, March 26 - 2006 at 16:23
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CB Richard Ellis (CBRE), the world's largest property advisory practice, has extended its services to the UAE by partnering with Dubai International Capital, the international investment arm of Dubai Holding, and The Developers in Abu Dhabi.
(From L to R): Omair Saoud Al Dhaheri, Chairman and Board Member of The Developers with Nicholas Maclean, Managing Director, CB Richard Ellis Limited, Middle East, Mike Strong, Chariman, CB Richard Ellis Limited, Middle East and Sameer Al Ansari, Chief Executive Officer, Dubai International Capital at the press conference.
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Posted by Lara Lynn Golden, News EditorSunday, March 26 - 2006 at 16:23 UAE local time (GMT+4)
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About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2005 revenue). The Company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; mortgage banking; investment management; appraisal and valuation; and research and consulting.
About Dubai International Capital
Dubai International Capital established in 2004, Dubai International Capital is a Dubai based international investment company that primarily focuses on private equity. Dubai International Capital is a wholly owned subsidiary of Dubai Holding, a large and diversified group that operates in the fields of healthcare, technology, finance, real estate, research, education, tourism, energy and communications. Dubai International Capital manages an international portfolio of diverse assets that provide Dubai Holding and its stakeholders with value growth, diversification, and strategic investments and relationships. In its first year of operation, Dubai International Capital has made the following investments
• Committed over US$300 million to private equity funds covering Europe, Asia and the MENA region
• US$1 billion investment in DaimlerChrysler, making Dubai International Capital the company's third largest shareholder
• £800 million acquisition of The Tussauds Group in the UK, the largest operator of visitor attractions in Europe
• JD200 million (US$272 million) investment company, Jordan Dubai Capital, targeting opportunities in Jordan
• Anchor investor in Ishraq, a US$150 million company formed to develop and own up to 22 Express by Holiday Inn hotels in the Middle East
• Launch the US$ 500 MENA Infrastructure Fund with HSBC to invest in infrastructure opportunities across the Middle East and North Africa.
About The Developers
The Developers, a UAE investment development company based in Abu Dhabi, was founded by prominent U.A.E business nationals who have interest and experience in the real estate development sector. Although the company is only two years old, it managed to penetrate the market through a mega shopping mall development, an assessment of a free zone industrial complex and the initiation of a quality reliable property evaluation when it embarked on setting up a joint venture with the worlds renowned CB Richard Ellis (CBRE). The company has the financial strength, the market positioning, the leadership, the strategy and - most of all- the people to live up to the promise. The Developers' Board of Directors and advisory group are filled with top calibre people from high- level industry positions in government as well as private sector.
Lina Anani/Sarika Aidasani
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East and North Africa
P O Box 28063
Dubai, UAE
Tel : (971 4) 3344550
Fax : (971 4) 3344556
www.asdaa.com
CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2005 revenue). The Company serves real estate owners, investors and occupiers through more than 350 offices (including affiliate and partner offices) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; mortgage banking; investment management; appraisal and valuation; and research and consulting.
About Dubai International Capital
Dubai International Capital established in 2004, Dubai International Capital is a Dubai based international investment company that primarily focuses on private equity. Dubai International Capital is a wholly owned subsidiary of Dubai Holding, a large and diversified group that operates in the fields of healthcare, technology, finance, real estate, research, education, tourism, energy and communications. Dubai International Capital manages an international portfolio of diverse assets that provide Dubai Holding and its stakeholders with value growth, diversification, and strategic investments and relationships. In its first year of operation, Dubai International Capital has made the following investments
• Committed over US$300 million to private equity funds covering Europe, Asia and the MENA region
• US$1 billion investment in DaimlerChrysler, making Dubai International Capital the company's third largest shareholder
• £800 million acquisition of The Tussauds Group in the UK, the largest operator of visitor attractions in Europe
• JD200 million (US$272 million) investment company, Jordan Dubai Capital, targeting opportunities in Jordan
• Anchor investor in Ishraq, a US$150 million company formed to develop and own up to 22 Express by Holiday Inn hotels in the Middle East
• Launch the US$ 500 MENA Infrastructure Fund with HSBC to invest in infrastructure opportunities across the Middle East and North Africa.
About The Developers
The Developers, a UAE investment development company based in Abu Dhabi, was founded by prominent U.A.E business nationals who have interest and experience in the real estate development sector. Although the company is only two years old, it managed to penetrate the market through a mega shopping mall development, an assessment of a free zone industrial complex and the initiation of a quality reliable property evaluation when it embarked on setting up a joint venture with the worlds renowned CB Richard Ellis (CBRE). The company has the financial strength, the market positioning, the leadership, the strategy and - most of all- the people to live up to the promise. The Developers' Board of Directors and advisory group are filled with top calibre people from high- level industry positions in government as well as private sector.
Lina Anani/Sarika Aidasani
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide
in Middle East and North Africa
P O Box 28063
Dubai, UAE
Tel : (971 4) 3344550
Fax : (971 4) 3344556
www.asdaa.com
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