Wednesday 26 September 2012

O'Donnell to take reins at Al Futtaim Real Estate - The National

Chris O'Donnell, the former Nakheel chief executive, has been appointed president of rival property developer Al Futtaim Real Estate Group (Afreg).

The Australian executive who headed Nakheel for five years overseeing high-profile projects such as the Palm Jumeirah and The World and culminating in the Dubai World crisis in 2009, will oversee the property division of the Dubai conglomerate.

Al Futtaim Real Estate confirmed yesterday that Mr O'Donnell, who in February successfully sued Nakheel for more than US$3 million (Dh11m) in end of service payments in one of the UAE's biggest ever pay rows, had been appointed earlier this month.

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