Dubai – Dentons has advised longstanding client, National Central Cooling Company PJSC (Tabreed) on its acquisition of the equity interests of Mubadala Infrastructure Partners in the Maryah Island district cooling facilities in Abu Dhabi. The transaction means that Tabreed will become the sole owner of the facilities on Maryah Island, which is the central business district and luxury lifestyle destination of Abu Dhabi and includes landmark developments such as the Cleveland Clinic, Galleria Mall, Four Seasons, Rosewood and the Abu Dhabi Global Market.

This transaction follows Dentons' role in advising Tabreed on the successful completion of a number of acquisitions in the UAE, including the AED963 million (US$262.2 million) purchase of Aldar Properties' district cooling assets on Abu Dhabi's Saadiyat Island, which was one of the largest M&A transactions in the UAE and completed earlier this year, as well as the acquisition of Masdar's district cooling assets serving Masdar City in Abu Dhabi. 

Commenting on the transaction, Dubai partner and team co-lead, Iain Black said: "It is a real pleasure to be able to leverage our market-leading M&A, district cooling and projects expertise to provide comprehensive support to Tabreed on all aspects of its acquisition of these important assets." 

"We are delighted to have supported longstanding client Tabreed on yet another strategic acquisition which cements Tabreed's position as the leading district cooling provider in the Emirate of Abu Dhabi," said Jon Nash, partner in Dentons' Abu Dhabi office and team co-lead. 

The Dentons team was led by UAE partners Iain Black and Jon Nash, with assistance from other members of the Dentons team, including senior associate Craig Hughson and associates Jasem Alanizy, Kislay Kumar and Hassan Damanhouri, along with paralegal, Manal Abu Issa. 

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release 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. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.