Brookfield Asset Management (BAM) and Abu Dhabi-based asset manager Lunate are collaborating over the formation of a $1 billion joint venture focused on residential real estate investment in the Middle East, Lunate said Tuesday.
The joint venture is expected to focus on the development of build-to-sell and buy-to-sell residential assets in the UAE, Saudi Arabia, and additional markets in the Middle East, said Lunate, which plans to "commit a significant cornerstone investment to the JV."
The joint venture will set up its own team for asset development and management, with Dubai and Abu Dhabi as the key focus markets, Lunate added.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。