Reported about 12 hours ago
Permira and Blackstone Inc have secured a $525 million minority stake in Property Finder, a Dubai-based classifieds firm, highlighting ongoing investor interest in the emirate's real estate market. General Atlantic, an early investor, is partially exiting while remaining a significant minority shareholder. The investment aims to leverage global expertise as Property Finder seeks growth in the Middle East and North Africa real estate sectors. This investment marks Permira's first in the Middle East, following its recent establishment of a Dubai office, amid a booming property market in the region.
Source: YAHOO