Labregah Real Estate Company – a wholly owned subsidiary of Qatari Diar Real Estate Investment Company, was officially recognised by the International Financial Law Review (IFLR), as ‘Domestic M&A Deal of the Year’ during ninth annual IFLR Middle East Award ceremony that recently took place in Dubai.
The IFLR, a leading financial law publication which is part of Euromoney’s Legal Media Group, gave the honourable recognition for ‘Deal of the Year 2014’ to the ‘Sale of Barwa Real Estate Assets’.
Earlier this year, Labregah Real Estate Company – a wholly owned subsidiary of Qatari Diar – acquired the Barwa Commercial Avenue Co. from Barwa Real Estate Company.
The transaction was part of an ongoing agreement announced last year that will see Barwa sell assets to Qatari Diar over the next few years. The deal is one of the largest-ever M&A transactions in Qatar.
The ‘Sale of Barwa Assets’ deal was shortlisted in the domestic category, along with four other business transactions that took place in the Middle East market this year. The award was officially presented to the contract’s international law firm, White & Case, and to the local partner, Al Ansari Law, at a dinner held at the Burj Al Arab.
Abdullah Al Mawlawi, Labregah Managing Director commented on the win, “We are delighted to have won IFLR’s domestic ‘Deal of the Year 2014’ award. This accolade is a tremendous honour as it represents the combined hard work of, Labregah, Qatari Diar, and Barwa, as well as White & Case and Al Ansari Law. Therefore, I would like to take this opportunity to thank everyone involved in this project for their ongoing dedication to the development.”