Mubadala Development and Pramerica Real Estate Investors have contracted to begin a joint venture company that will raise capital for emirates real-estate projects while sponsoring funds to invest in the region and worldwide. Mubadala Development is an investment company of Abu Dhabi government and Pramerica Real Estate Investors is the real-estate investment and advisory business of US based Prudential Financial.
Mubadala Pramerica Real Estate Investors, which will be headquartered in Abu Dhabi will increase capital to finance and invest in real estate projects in Abu Dhabi the United Arab Emirates major emirate and overseas said in a joint statement by the companies.
Pramerica Real Estate Investors managed about $43.8 billion in gross real estate properties as of the end of March. The new joint venture has a first order of making investment opportunities to fund real estate opportunities in Abu Dhabi. Abu Dhabi anticipates doubling its housing residents on next 20 years to above 3 million as a growth plan to expand its economy raises the need for professional employees.
Mubadala Pramerica Real Estate Investors, which will be headquartered in Abu Dhabi will increase capital to finance and invest in real estate projects in Abu Dhabi the United Arab Emirates major emirate and overseas said in a joint statement by the companies.
Pramerica Real Estate Investors managed about $43.8 billion in gross real estate properties as of the end of March. The new joint venture has a first order of making investment opportunities to fund real estate opportunities in Abu Dhabi. Abu Dhabi anticipates doubling its housing residents on next 20 years to above 3 million as a growth plan to expand its economy raises the need for professional employees.
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