Tasweek Real Estate Development and Marketing, an advisor and solutions provider serving the property markets, has announced that it has entered into a joint venture with Casabrina Vacation Villas in Malaysia to develop, own, operate and market the luxury resort’s properties.
According to Masoud Al Awar, Tasweek’s CEO, the new Dh920 million (US$250 million) property portfolio is expected to generate an annual investment yield of 5 to 7 per cent.
Tasweek said in a statement that the joint venture will facilitate purchase and sale of strategic assets; asset management; joint ventures and strategic alliances; and marketing consultancy.
No comments:
Post a Comment