Signature building in Dubai International Financial Centre to be renamed Legatum Plaza - global headquarters for The Legatum GroupPress Release 10 Apr 2012 12:02 pm
Signature building in Dubai International Financial Centre to be renamed Legatum Plaza - global headquarters for The Legatum Group
Legatum, a private investment group based in Dubai announces the acquisition of Precinct Building 6 at the Dubai International Financial Centre (DIFC), the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas. The nine-level building, to be renamed Legatum Plaza, was purchased from a private investor. It is located in the prestigious Gate Precinct of the DIFC, and enjoys a unique position between the iconic DIFC Gate building and Emirates Towers. With Legatum enhancing its presence in the DIFC by relocating its Dubai office into two floors of the property, the 128,000 sq. ft. building will be fully occupied.
Mark Stoleson, CEO of the Legatum Group, said, “As one of the first registrants in the DIFC when it was established in 2004, this investment is an expression of Legatum’s long-standing belief in the success of Dubai and the DIFC as a world-class home for international finance. This acquisition of Building 6 will provide Legatum with a new global headquarters in the finest location in Dubai’s Central Business District, which is increasingly recognised as a leading international financial centre, connecting East with West.”
Abdulla Mohammed Al Awar, CEO of DIFC Authority added, “Legatum’s decision to invest in DIFC as its global headquarters is further testament to DIFC’s status as a global financial and business hub. DIFC has independent regulations, a common-law framework, supportive infrastructure, making it the perfect base for pioneer clients such as Legatum. In recent years, we have focused on growing our existing client partnerships helping them grow their operations within DIFC and across the region.” Dubai was voted a top 10 global business destination in a recent CB Richard Ellis survey.
Legatum is a private investment group with a twenty-five year heritage of generating and allocating capital and ideas that can help people to lead more prosperous lives, and which applies its investor’s expertise to a long standing involvement in the sustainable development of communities around the globe. For more information, please visit Legatum’s website at www.legatum.com