Landmark Properties Signs Strategic Alliance with Massachusetts Institute of Technology`s Center for Real Estate
Released on: October 8, 2008, 1:44 am
Press Release Author: Landmark Properties LLC
Industry: Real Estate
Press Release Summary: Landmark Properties, one the Middle East’s leading real estate firms, today announced an exclusive corporate partnership with Massachusetts Institute of Technology’s Center for Real Estate (MIT-CRE), the real estate program of one of the world’s most prestigious educational institutions.
Press Release Body: Landmark Properties, one the Middle East’s leading real estate firms, today announced an exclusive corporate partnership with Massachusetts Institute of Technology’s Center for Real Estate (MIT-CRE), the real estate program of one of the world’s most prestigious educational institutions.
Under this new agreement both the entities, MIT-CRE and Landmark Advisory, the real estate research and analysis division of Landmark Properties, will conduct a series of research based initiatives on UAE’s real estate market. This will help leverage Landmark Properties’ unparalleled research, consulting, asset management and financial services experience within their Advisory division as well as MIT-CRE’s international partnerships network in emerging markets.
Chairman of the Massachusetts Institute of Technology’s Center for Real Estate, Tony Ciocetti, explained that Landmark Properties was the perfect fit for MIT-CRE in the region.
"We have had a long-standing relationship with many institutions from the region, however this is our first corporate partnership, and we are thrilled to partner with Landmark Properties," he added.
"Our responsibility is to enhance the Center’s mission of improving the global built environment through industry relevant research and to promote more informed professional practice. There is no better partner for that in the region than Landmark Properties."
Landmark Advisory provides market overviews, unparalleled research consultancy and real estate investment management services covering the Middle East and North Africa (MENA) region. This filters through to the retail brokerage operations at Landmark Properties, providing them with recommended product with significant ‘best in class’ due-diligence behind it.
"This is a great milestone for us and we look forward to working with MIT-CRE” said Cliff Kelaita, Chairman & CEO of Landmark Properties. “Our market intelligence, consulting, and syndication division, Landmark Advisory, has developed a special relationship with MIT-CRE based on a shared vision and dedication to knowledge-based initiatives and approaches to Global Real Estate."
He added, "Leveraging MIT-CRE’s industry relationships and other corporate partnerships, Landmark Properties will continue its expansion across the MENA region with the knowledge that we have developed from our strategic alliances with advisory groups from around the world who are considered to be ‘best in class’ consultants."
Landmark Advisory has already hosted a group of summer interns from top US universities specializing in real estate programs. It plans to continue to do so this fall, working with MIT-CRE students on term-long projects which will enable cross-border education and interaction. The experience offers interns the opportunity to work across a wide range of disciplines, including real estate product development, sophisticated product development projects such as real estate derivatives, international benchmarking, and master-plan modelling.
With five locations already in the UAE – and offices opening in Qatar, Bahrain, Oman, Jordan, Egypt and Syria before the end of 2008 – Landmark Advisory is expanding its network throughout the MENA region to meet the needs of its clients and offer them unparalleled market expertise.
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