The project will add about 110 km of coastline to Dubai that will provide about 35,000 families with luxury beachside living.

The prolonged weakness has started to hurt even top-tier towers that usually remain immune to downturns.

The ParkIn project was officially launched in May 2023.

The acquisition has an impact on the ebitda guidance published on 21 February 2023.

MEA, a result of a Public & Private Partnership (PPP) project, was designed and built by SIRRA SA. in which the companies INTRAKAT, ARCHIRODON GROUP & ENVITEC participate.

Purplebricks put itself up for sale in February after issuing a string of profit warnings.

Shares of SBB were up 27% at 10 a.m. London time after Bloomberg reported the troubled Swedish property group had attracted interest from investors including Brookfield Asset Management.

The aggregate purchase consideration for the Acquisition is approximately €76.8 million.

Adds eight executives to its global executive committee, bringing the total to 21.