Deal for $1.6 billion Florida residential area signed

Concept image for BellaViva at Whispering Hills in Florida, US The BellaViva at Whispering Hills development project will create 5,500 homes

Ayana Holding in the United Arab Emirates has partnered with US company Marsan Real Estate, to develop a US$1.6 billion residential area in Florida, US.

The joint venture will see the construction of the BellaViva at Whispering Hills project, which will comprise 5,500 luxury homes spread over an area of 1,800 acres.

It will include restaurants, shopping centres, a medical clinic, boutique hotel, spa, hospital, a golf course and space for other commercial activities.

While the companies said they expect BellaViva at Whispering Hills to become the “fastest-growing” community for retirees and investors, the joint venture also serves to further the expansion of both real estate businesses.

The partnership will allow Ayana to establish itself in North America and provide Marsan with access to investors from GCC (Gulf Cooperation Council) countries, allowing it to expand into other markets.

Left to right: Abdullah Bin Lahej Chairman of Ayana Holding, Hamid Kerayechian, CEO of Ayana Holding and Jean Marsan, Founder of Marsan Real Estate Group. Ayana and Marsan sign the joint venture deal for BellaViva at Whispering Hills project
STAY CONNECTED

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]