by AF 1027 c3 — October 30, 2009—Abu Dhabi National Property Company PJSC (ADNP), the real estate arm and subsidiary of the National Bank of Abu Dhabi (NBAD), along with the Abu Dhabi office of Hines, the international real estate firm, have formed strategic alliance to become the UAEs premier commercial and mixed-use property manager.
ADNP/Hines will bring a world-class property management standard to the region, initially targeting commercial real estate in Abu Dhabi and Dubai, the companies say. The alliance will deliver a full range of value-creating property management services at the strategic, tactical and operational levels to institutional owners, high-net-worth individuals and banks involved in real estate.
ADNP is one of the primary real estate property management companies in Abu Dhabi, with a current portfolio of more than 8,000 units. In addition to providing first-class property management services, ADNP undertakes extensive in-house and external real estate valuation and advisory services.
Hines has managed investment-grade properties for more than half a century and currently is responsible for more than 11 million square meters of property around the world.
For more information, see the Hines Web site.
