TECOM Investments, a diversified conglomerate and a member of Dubai Holding, today announced it has entered into a strategic partnership with Emirates REIT, Dubai's first real-estate investment trust.
Emirates REIT was established in November 2010 to offer investors a strategic market entry opportunity, as well as the professional management of held assets and a promise of long-term returns.
Under the partnership valued at AED170 million, TECOM will obtain a 25 per cent share in Emirates REIT in addition to liquidity for pursuing new development opportunities.
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