IIB Completed Exit from Real Estate Investment in Abu Dhabi
International Investment Bank B.S.C. (c) – (“IIB”) exited from its investment in Danet Abu Dhabi, UAE. The project was a mixed-use master development of land located within Danet Abu Dhabi close to the Airport Road. The project consisted of two luxurious high-class mixed-use twin towers (i.e. offices and residential). The towers comprised of a large showroom on the ground floor as well as entertainment facilities. Danet Abu Dhabi was one of the Abu Dhabi’s best planned communities and met the growing demand of mixed-use projects in the region.
IIB and its investors owned majority shareholding in the project through a private entity. The exit of this investment is line with IIB’s strategy to exit from regional investments and focus on international developed market alternative investments.