Brookfield Asset Management Inc and Investment Corporation of Dubai have announced a key appointment ahead of the launch of a $1bn fund which will target UAE real estate assets.
The companies said Douglas Kirkman, senior vice president of the Brookfield Property Group, has been appointed as CEO of ICD-Brookfield Management Limited, which will manage the fund. He will be based in Dubai.
The ICD-Brookfield Dubai Real Estate Fund, once formed, will pursue opportunities in the Dubai real estate sector with a particular focus on development opportunities.
The manager of the fund is jointly owned by Canada's Brookfield Asset Management and Investment Corporation of Dubai.
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