Fay Developments owns the plot, while H&H Development will be the development manager
Fay Development SPV Ltd, an investment vehicle-backed Dubai-based H&H Development and other local and international investors, has acquired a plot of land in Dubai International Financial Centre (DIFC) to expand the Eden House brand within the financial district.
Fay Developments will be the exclusive owner of the project while H&H Development will be the development manager.
The acquisition of the plot, opposite the Four Seasons Hotel DIFC, will help expand the homegrown Eden House brand within the UAE market,H&H Development said in a statement.
The land purchase value was not given. No details were given on the planned project.
Established in 2007, H&H Development is associated with high-end developments like the Eden House vertical neighbourhood, Four Seasons Hotel, DIFC; Four Seasons Resort Dubai at Jumeirah Beach, and the recently handed over Four Seasons Private Residences Dubai at Jumeirah.
Source: zawya