15 Jul 2010
(MENAFN) Mubadala Development Co., an Abu Dhabi government investment firm, and Pramerica Real Estate Investors have agreed to launch a joint-venture company that will raise capital to fund and invest in real-estate projects in Abu Dhabi and abroad, Gulf News reported.
Mubadala Pramerica Real Estate Investors will be headquartered in Abu Dhabi and has an initial mandate of to create investment opportunities to fund real-estate opportunities in Abu Dhabi, where a projected surge in population has created great demand for affordable residential properties.
A shortage of bank lending provides a near-term opportunity for investors to fill the gap and provide capital to pre-let projects with secure tenancies, said Charles Pardoe, managing director of Mubadala Pramerica REI.
The company will eventually offer products to institutional investors globally across the spectrum of real-estate categories, including products tailored for family office and high net worth investors from the region, the statement said
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more