Dubai-based Morgan’s International Realty has acquired the real estate brokerage and property management divisions of Arms & McGregor International Realty.
The real estate company, which focuses on the luxury market, will merge both sales and brokerage operation teams under the Morgan’s umbrella to form a company of up to 45 staff members, which will move to a new office, the location of which is to be announced.
It will be headed by Elias Hannoush co-founder and managing director of Morgan’s, John Spinu, director of secondary market sales and Hovik Kassis, director of primary market sales.
Makram Hani, founder and CEO of Arms & McGregor said his firm will now focus its operations on digital transformation as well as development portfolio consultancy.
(Writing by Imogen Lillywhite; editing by Daniel Luiz)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
© ZAWYA 2021