Following completion of a $400mn transaction, Apollo, through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties (AIP). The subsidiary of Abu Dhabi-listed Aldar Properties is the region’s largest institutional-class real estate platform. The transaction involved the issuance of $400mn in common equity and mandatory convertible preferred equity at 100% […]

WiredScore, the organisation behind the WiredScore and SmartScore certifications – the internationally recognised digital connectivity and smart building rating systems for real estate, has announced the appointment of John Hillard to lead its expansion into the Middle East. In a statement, the company said that Hillard will form an integral part of WiredScore’s wider offering […]

AABTools has completed a deal with Husqvarna Construction to become an authorised distributor for a range of its equipment and tools in the region. These include heavy-duty and high-frequency concrete coring machines, wall saws designed for brick and reinforced concrete, remote-controlled demolition robots, twenty-plus models of handheld power cutters, dust extractors, and floor saws. In […]