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TECOM Group completes acquisition of Office Park in Dubai Internet City

Oct 21, 2024

Acquiring Company

TECOM Group

DubaiReal Estate

Description

TECOM Group PJSC, through its subsidiary TECOM Investments FZ LLC, has completed the acquisition of Office Park from Emirates REIT for AED 720 million, strengthening its portfolio of premium commercial assets. This strategic acquisition aligns with the Group's key pillar to tap new sources of growth and expand its offerings to address the strong demand for premium Grade-A commercial real estate in Dubai.

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Company Information

Company

TECOM Group

Location

Dubai, Dubai, United Arab Emirates

About

TECOM Group has been developing strategic, sector-focused business districts across the emirate of Dubai since 1999. TECOM Group is well-positioned to continue playing an integral role in cementing Dubai’s status as a global business and talent hub. The TECOM Group portfolio consists of 10 business districts catering to 6 vital knowledge-based economic sectors, including design, education, manufacturing, media, science, and technology. The Group provides a varied and tailor-made leasing portfolio – which includes offices, co-working spaces, warehouses and land – to over 11,000+ customers and more than 124,000+ professionals.

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