{"id":94271,"date":"2024-07-29T00:00:00","date_gmt":"2024-07-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-turkey-azerbaijan-form-usd-600-mn-real-estate-investment-firm\/"},"modified":"2024-07-29T00:00:00","modified_gmt":"2024-07-29T00:00:00","slug":"uae-turkey-azerbaijan-form-usd-600-mn-real-estate-investment-firm","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/07\/29\/uae-turkey-azerbaijan-form-usd-600-mn-real-estate-investment-firm\/","title":{"rendered":"UAE, Turkey, Azerbaijan form USD 600 mn real estate investment firm"},"content":{"rendered":"

UAE, Turkey, Azerbaijan form new real estate investment giant: <\/strong>Local real estate developer Reportage Properties<\/a> inked a cooperation agreement with Turkish real estate firm MESA Holding<\/a> and Azerbaijan\u2019s Sabah Investment Group to form RMS Capital Investment, a real estate entity aiming to \u201cexecute massive projects in Dubai, Istanbul, and Baku,\u201d it said on LinkedIn<\/a>. The entity aims to invest in projects worth a total of USD 600 mn.<\/p>\n

The split: <\/strong>Reportage Properties holds a leading 34% share in RMS Capital Investment under the partnership structure, while MESA Holding and Sabah Investment Group each hold a 33% stake, according to details of the partnership picked up by UAE News 24\/7<\/a>.<\/p>\n

The game plan: <\/strong>The first project by RMS Capital will be in Dubai, MESA Holding CEO Mert Boysano\u011flu said. The projects will be carried out sometime this year and the next, with financing provided by the partners, and central management organized from Dubai, according to UAE News 24\/7.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new entity will execute projects in Dubai, Istanbul, and Baku starting this year<\/p>\n","protected":false},"author":1,"featured_media":94272,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[1389,7,1342,98,257],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-azerbaijan","tag-enterpriseam-uae","tag-investment","tag-real-estate","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"ecc0a84c-0c82-462e-b598-8530fb13b78d","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/258.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE, Turkey, Azerbaijan form USD 600 mn real estate investment firm","related_issue":[94266],"teaser":"The new entity will execute projects in Dubai, Istanbul, and Baku starting this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.4ed8bd7b-c5d6-4ac2-8f6c-f24bfe702055.mp3"},"yoast_head":"\nUAE, Turkey, Azerbaijan form USD 600 mn real estate investment firm - 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