Dubai Property Developer Seeks Investment
GPD Investments LLC, a Dubai property development and Investment company, is currently seeking to raise $350 million in equity through investment. GPD will use the capital to acquire and develop properties in Dubai, looking to make further land acquisitions and to build office investment property and retail premesis.
The firm is planning more than $1 billion of transactions and will be seeking a minimum investment of $200 million, The capital being deployed over the next three years and will initially be directed towards a project currently in its pre-development phase.
GPD currently has a portfolio valued at over $600 million across 15 developments and seeks opportunities to acquire prime development sites in off-market transactions. GDP is an approved developer by the Dubai Real Estate Regulatory Agency.
June 2nd, 2008 - Posted in Dubai Property News, dubai property | |
on August 3rd, 2008 at 9:19 pm
When are GPD going to start building the Residences in International city
I was told they would be ready January 2008 it now looks like Nov 2110
Is anyone else still waiting for news of this development?
G4set’hotmail.com