Disposition strategy for Aurora Tower to maximize value and buyer appeal.
Sweid & Sweid Office - Retail Case Study
01 The 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.
02 The 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.
03 The 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.
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