Deputy Editor
Privately owned property manager Broll Property has set up base in the United Arab Emirates (UAE), looking to capture money flows between the Gulf region and Africa in its first foray outside its home continent since its establishment 51 years ago.
The group, which already has a big presence in major African cities, has now put boots on the ground in Dubai — laying the foundation for its expansion in the cash-rich region, where it will operate under the banner of Broll UAE.
Malcolm Horne, group CEO of Broll Property Group, said the firm, which provides comprehensive real estate solutions, including property management, facilities management, retail leasing and advisory services, has identified the UAE as a new growth vector for the company.
He said one of the drawcards to the UAE market is that the jurisdiction has grown as a centre for global real estate capital and that there is significant cross-border investment between the Middle East and Africa.
