Dubai’s Sweid & Sweid Announces Sale of Industrial Development to Major U.S. Company for AED 350 Million>

Sweid & Sweid, the Dubai-based real estate development and investment group, has announced the successful sale of River Park 10, an 825,000-square-foot Class A industrial development in Atlanta, Georgia, for AED 350 million. Georgia Power, the state’s largest public utility company with a 120-year operating history, acquired the facility for its own use. The project’s scale, quality, and transportation connectivity allowed for a swift transaction, delivering strong results and another successful exit for the Sweid & Sweid group. Maher Sweid, Managing Partner of Sweid & Sweid, said: “Our track record in the U.S. speaks for itself. After eight years of deploying capital across various asset types and multiple markets, we have honed our ability to identify opportunities that deliver superior risk-adjusted returns. During the past year alone, we have successfully completed three projects across the U.S. Sun Belt region, including this sale. We are now in advanced stages of securing new opportunities that will further expand our U.S. investment portfolio, with a focus on the industrial sector.” “This complements our expansion in Dubai, ...Sweid & Sweid, the Dubai-based real estate development and investment group, has announced the successful sale of River Park 10, an 825,000-square-foot Class A industrial development in Atlanta, Georgia, for AED 350 million. Georgia Power, the state’s largest public utility company with a 120-year operating history, acquired the facility for its own use. The project’s scale, quality, and transportation connectivity allowed for a swift transaction, delivering strong results and another successful exit for the Sweid & Sweid group. Maher Sweid, Managing Partner of Sweid & Sweid, said: “Our track record in the U.S. speaks for itself. After eight years of deploying capital across various asset types and multiple markets, we have honed our ability to identify opportunities that deliver superior risk-adjusted returns. During the past year alone, we have successfully completed three projects across the U.S. Sun Belt region, including this sale. We are now in advanced stages of securing new opportunities that will further expand our U.S. investment portfolio, with a focus on the industrial sector.” “This complements our expansion in Dubai, ...{}