Imperial Avenue of Shapoorji Pallonji receives investment from Haven …

Dubai, United Arab Emirates – Monday, May 9, 2022 [ ايتوس واير ]

Shapoorji Pallonji International Real Estate Development Company Announced (SPIPD‘, the development arm of Shapoorji Pallonji, one of India’s largest conglomerates, received an investment from Haven Capital Management LLC (Haveen), one of Europe’s leading alternative asset management companies headquartered in London, UK, to deliver’ to finance a project. Historic Imperial Avenue Downtown Dubai. The advisers for this transaction are Houlihan Lokey, Dubai.

Comment on this ad Cyrus IngenieurShapoorji Pallonji International Real Estate Development Company, General Manager: “The real estate market in Dubai has seen a lot of interest from buyers over the past few quarters, and the project has seen a huge capital appreciation since its launch, which is clear proof of its quality and faith. shown by our clients and stakeholders. Today, we are witnessing rapid sales, and although the pandemic posed some challenges to the progress of the project, our team has maintained its commitment to deliver a high-quality project that will stand the test of time. the test of time. We are pleased that Haven has invested in this landmark project and look forward to a partnership that is long lasting and mutually beneficial.

Downtown Dubai was one of the top three major regions in terms of sales volume in the last quarter of 2021, with deals worth 3.2 billion UAE dirhams During this period *, this luxury neighborhood also saw a 7% year-on-year increase in average price per square foot for apartments in Q3 2021. A real estate consulting firm recently reported that Downtown Dubai’s average selling prices have risen by more than 17%. in the last 12 months, and note that properties with views of the Burj Khalifa are exceptionally in demand compared to any other property.

The boom in Dubai’s real estate market is attributed to several factors, including the increase in the demand for expatriates following the recent introduction of the long-term visa system and the relaxation of work visa rules, making it easier for those who want to live, work and invest in the city. Constructive interest rates and mortgage financing terms, as well as a telecom system, have forced buyers and tenants to look for more space and better deals. Without forgetting the role of government initiatives and proactive management in addressing the COVID-19 pandemic, which was also very important factors in the sector’s prosperity.

Almost 55% of the construction work on Imperial Avenue has now been completed. Construction is in full swing and the expected completion date for Imperial Avenue is the last quarter of 2023.

About Haven Capital Management LLC

Haven Capital Management (“Haven”) is a leading alternative asset management company. Founded in 2009, Haven has invested more than 30 billion euros in capital in more than 420 investment firms through its own credit strategies.

Haven has a diverse international team of more than 175 experienced professionals in this field with offices worldwide, including headquarters in London and offices in Frankfurt, Madrid, Milan, New York, Paris, Luxembourg, San Diego, Singapore and Tel Aviv. Haven focuses on providing the best risk-adjusted returns to its investors through its private credit business, liquid credit and private equity solutions.

More information can be found on the website

About Shapoorji Pallonji and Company Pvt Ltd

was established SP Founded in 1865 in India, it is a globally diversified enterprise, with a leading presence in the sectors of engineering, construction, infrastructure, real estate, water, energy and financial services. It has a strong employee base of more than 70,000 employees, and offers comprehensive solutions in 70 countries. focus SP Building megastructures, developing versatile iconic landmarks and leading-edge innovative technologies in water management, renewable energy, oil and gas and energy, all through responsible governance and sustainable development, for a better planet.

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About Imperial Avenue, Downtown Dubai

Imperial Avenue is an exclusive collection of luxury homes in downtown Dubai overlooking the Burj Khalifa and Dubai Canal. Imperial Avenue consists of modern amenities and a variety of apartments between 1, 2, 3, 4, bedroom, 4 and 5 bedroom penthouses, 3 bedroom villas, 4 and 5 bedroom villas with private pools. Imperial Avenue is 45 storeys high and includes 424 apartments and 5 parking floors, with more living spaces and a luxurious lifestyle in mind. Each apartment has modular kitchens, designer bathrooms and unique private terraces. A luxurious 10,000-square-foot lounge and world-class amenities and amenities are available to the residents of Imperial Avenue on two levels on the 9th and 26th floors.

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* According to an analysis by Luxhabitat Sotheby’s Based on data from the Dubai Land Department.

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