Reportage Properties, situated in the United Arab Emirates, has partnered with Mesa Holding, a Turkish group, and Sabah, an Azeri investment company, to establish RMS Capital Investment, a new venture aimed at increasing investments in the global real estate market.
With creative and sustainable projects in the industry, the new venture, founded by top real estate companies in Turkey, the United Arab Emirates, and Azerbaijan, hopes to achieve remarkable success not only locally but globally.
In a statement, the company stated that it will work to provide the best value possible to its clients and business partners on upcoming initiatives and investments.
Reportage will own a 34% stake in the RMS Capital Investment partnership structure, while MESA and Sabah Investment Group will each own a 33% stake.
With a combined investment of $600 million, the three will create joint projects in Dubai, Istanbul, and Baku in 2024 and 2025.
The JV partners will provide the funding for these projects, and Dubai will serve as the organizing hub for the projects’ central management.
Speaking at the signing ceremony, Mesa Holding CEO Mert Boysanoğlu said: “We have been working in this sector for 55 years. We make both investment and production in many different sectors. RMS actually started its life as a group that wanted to invest in the global world, especially in housing investments.”
“As three groups, we have an investment plan of approximately $600 million this year. The first one will start with a project in Dubai, and then we will continue in Turkey and Baku. I am signing this agreement with full faith that this group will not only do business in these regions, but also become a more global player,” stated Boysanoğlu.
Andrea Nucera, the Managing Director of Reportage Properties, said: “We aim to make a difference in real estate development by redefining real estate through excellence, sustainability and innovation.”
“As three of the world’s leading real estate companies, we will grow in our own agenda and increase our potential with RMS cooperation,” he stated.
Sabah CEO Orkhan Mustafayev said: “The joint venture between Reportage, Mesa and Sabah is an important moment not only for us but also for the markets we already operate in. Over the years, we have built important relationships with our clients based on trust.”
“This joint venture is another milestone for us to provide better opportunities for our clients, enhance our reputation and build new, successful partnerships. RMS now combines the reputations of all three partner companies and our customers can benefit from the combined powerhouse that this joint venture represents,” he added.
