Olayan and Lunate acquire stakes in ICD Brookfield Place

Olayan and Lunate acquire stakes in ICD Brookfield Place-  Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) today announced an agreement with Olayan Financing Company and Lunate for the sale of a 49 percent stake in ICD Brookfield Place (ICDBP), a world-class commercial and retail property located in the Dubai International Financial Centre (DIFC).Upon completion, Lunate, through one of its funds, and Olayan Financing Company will each own a 24.5 percent equity interest in ICDBP. ICD and Brookfield will retain a combined 51 percent equity interest, split equally between the two parties. As the largest institutional…

Source: emirates247.com