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

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.

Through the NSRF with a co-financed public expenditure of 19,799,974 euros.

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.

The budget of the operation amounts to €5,700,000 excluding VAT and will be financed from the resources of the RRF.

At the operating profitability level, Q1 2023 Group consolidated operating result (EBITDA) amounted to €8.0m profit

The complex offers a leasable area of approximately 4,676 sq.m in 30 apartments and 18 two-story houses.