Brookfield expands into residential real estate. New joint venture with Lunate formed to invest in housing projects across UAE, Saudi Arabia, and the region.
$1 billion equity allocated to build-to-sell and buy-to-sell residential assets. Dedicated management team established for development and operations.
Lunate previously acquired a 24.5% stake in ICD Brookfield Place in March 2024. Brookfield also acquired a controlling interest in GII’s commercial real estate platform in May 2023.
UAE named top destination for wealthy migrants in 2024. Residential property demand increasing. Brookfield targets premium asset development for growing regional population.
Jad Ellawn, Managing Partner at Brookfield, confirmed strategy to deliver high-quality residential assets. Combines private equity and global development expertise.
Lunate manages over $110 billion in assets. Strong financial backing ensures long-term scalability of the new venture.
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