Disposition strategy for Aurora Tower to maximize value and buyer appeal.

Sweid & Sweid Office - Retail Case Study

Represented AREIT (Seller), Buyer is Sweid & Sweid

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.