Aurora Tower offered Sweid & Sweid strong value, location, tenant demand.

Aurora Tower Case Study

AREIT

01 The Opportunity

Aurora Tower, a well-established 20-year-old, 27-storey Grade A commercial asset, presented a compelling acquisition opportunity for Sweid & Sweid. Its great location within a prominent business district of Dubai offered strong long-term value and tenant demand. The tower boasted a significant leasable area of over 200,000 square feet and was home to a distinguished tenant base including prominent international companies such as Spotify, The Economist Group etc. This diverse tenant mix, spanning sectors like media, technology, finance, and professional services, indicated a stable and high-quality income stream, making it an attractive asset for a discerning investor like Sweid & Sweid seeking established, income-generating properties with future growth potential.

02 The Solution

Cushman & Wakefield Core recognized Sweid & Sweid as the ideal investor for this opportunity, given their track record and investment appetite. CWC approached and positioned Sweid & Sweid effectively in a competitive bidding process. Thorough due diligence was conducted on Aurora Tower, including financial performance, lease analysis, and physical condition. Cushman & Wakefield Core developed financial models to assess the asset's valuation and potential returns. After careful due diligence they advised Sweid & Sweid on the commercial negotiations, ensuring the terms aligned with their investment criteria, and oversaw the Q&A process, working closely with all involved parties to facilitate a smooth transaction.

03 The Approach

After over 6 months, consisting of preparation, , in depth due-diligence phase and various analyses. This acquisition represented a significant addition to Sweid & Sweids portfolio of high-quality commercial assets in Dubai. The transaction underscored Cushman & Wakefield Core’s expertise in advising on complex real estate acquisitions, leveraging market knowledge and negotiation skills to achieve a successful outcome for their client. This transaction marks a significant milestone in expanding Sweid & Sweid’s portfolio of high-quality, institutional-grade commercial assets, further reinforcing its position as a leading real estate firm within the UAE.