International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
CB Richard Ellis Investors Opens UAE Office
Establishes DIFC presence to better service existing and new investors in the Middle East and North Africa .
October 1, 2010 9:20 by Rasha Reslan
Dubai, U.A.E. – Sept. 27, 2010 – CB Richard Ellis Investors, the investment management arm of CB Richard Ellis Group, the world’s largest commercial real estate services firm, announced today the opening of its regional office in the Dubai International Financial Centre.
“There is significant demand from sophisticated regional institutional and professional investors for stabilized income-producing assets, and many are looking to migrate to best-in-class managers who can restructure their existing real estate portfolios,” said CBRE Investors Managing Director Fadi Al Khatib, who heads the new UAE office. “Given the re-pricing of global real estate assets over the past two years and the international investment opportunities available to well-capitalized investors, we believe institutions in the region will aggressively grow their real estate portfolio allocations over the next few years.”