Jameson Legal

 

Resource

 

 

 

 

 

 

 

 

 

 

 

Hogan Lovells advises on Community Deal in the UAE

08 Jun 2016

DUBAI, 8 June 2016 – Hogan Lovells has advised Eltizam Asset Management Group on the merger of its subsidiary Three60 Communities, with Novus Community Management.

The new company also acquired the assets of Premium Community Management.

The deal creates the UAE's largest privately owned community management company, managing more than 80 buildings, including two master communities and more than 20,000 residential units. This expansion falls in line with the company’s long-term strategy to grow its operations throughout the UAE and GCC.

Hogan Lovells' Dubai-based team was led by corporate partner Warren Thomson and projects partner Christopher Cross, with support from Craig Brook (Senior Associate), Freya Byrne (Associate) and Marcus Tomlinson (Trainee Solicitor).

Commenting on the deal, Warren said: "This was an interesting deal to work on, bringing together three major community management companies to make the UAE's largest community management company."

Matter Type
M&A
Industry
Real Estate & Construction
News Category
M&A
Real Estate & Construction