Sweid & Sweid Office - Retail Case Study

Disposition strategy for Aurora Tower to maximize value and buyer appeal.

Opportunity

AREIT has requested a disposition strategy for their last remaining fund asset, Aurora Tower. This prime Media City property spans 224,000 sqft and offers 650 parking spaces. Our goal is to develop a strategic plan to maximize its market value and appeal to potential buyers.

Approach

We secured the pitch due to our strong client network and industry connections. Through a thorough sales process, we built momentum with key clients showing interest. We then entered exclusivity with the party best suited to manage the building.

Solution

We successfully sold the building for AED 247.56M on behalf of AREIT, ensuring a seamless and collaborative process. Due diligence was completed efficiently, facilitating a smooth transaction. Sweid & Sweid was pleased with the deal's swift and well-executed conclusion.

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