Key facts
- Brookfield Asset Management Ltd. and Abu Dhabi investment firm Lunate are setting up a residential developer for the Gulf.
- The new company is intended to drive construction of premium housing developments across the region.
- The two firms are seeking to expand in Gulf real estate markets, according to the report.
Brookfield Asset Management Ltd. and Abu Dhabi investment firm Lunate are setting up a new residential developer to help drive construction of premium housing developments across the Gulf, according to the report. The two firms are seeking to expand in the region's real estate markets.
The report did not give the name of the new company, the size of either partner's commitment, the location of the first projects or a date for the announcement. It also did not say whether the venture has been formally completed or when construction might begin.