Dubai's Meraas creates $1.4bln retail JV with Brookfield | ZAWYA MENA Edition:
Dubai’s Meraas Holding has formed a 5 billion dirhams ($1.4 billion) strategic joint venture with Canada’s Brookfield Asset Management to own and operate retail destinations in the UAE.
The JV will seek to leverage its platform capabilities to source and execute retail opportunities across the region including expansion into high growth markets.
Meraas develops and operates a portfolio of retail assets including the already established The Beach, City Walk, La Mer, Box Park, Kite Beach.
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