White & Case Advises on US$2 Billion Middle East Property Acquisition
Global law firm White & Case LLP has advised Labregah Real Estate Company, a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company, and Barwa Real Estate Company Q.S.C. on the approximately US$2.07 billion acquisition by Labregah of Barwa City, a large scale residential development project in Doha, Qatar.
Barwa City offers 5,968 residential units and other facilities distributed over 128 buildings. This is the largest M&A transaction in Qatar in the last 18 months and is expected to close in the second quarter of 2014.
The White & Case team included partners Michiel Visser (Doha), James Dodsworth (London), Campbell Steedman and Shibeer Ahmed (UAE), and associates Charbel Abou Charaf, Robbie Nakarmi, Sarah Kelly (Doha), Adnan Chida and Julian Bailey (London), and Chris Beaumont-McQuillan, Ali Shaikley, Josephine Diez, and Salim Azzam (UAE).
The White & Case team collaborated with Andrew Walsh, General Counsel of Labregah Real Estate Company and Mark Smith, General Counsel of Barwa.
White & Case has an impressive track record advising on market-leading M&A transactions in the Middle East. In the first quarter of 2014 the Firm was ranked second place among top legal advisers by deal value for announced M&A deals in Africa & Middle East according to both Mergermarket and Bloomberg. Earlier this year White & Case advised on the sale of Barwa Real Estate Company’s 37.34 percent stake in Barwa Bank to an affiliate of Qatari Diar for a purchase price of approximately US$657 million.
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