EDB appoints CBRE as selling agent of its headquarters and residential portfolio

EDB appoints CBRE as selling agent of its headquarters and residential portfolio

Global real estate advisor, CBRE, has been exclusively appointed by the UAE’s development bank, Emirates Development Bank (EDB), to advise on the sale of their former UAE office headquarters in Abu Dhabi and Dubai, as well as their residential portfolio in Abu Dhabi. The first office component is the former EDB headquarter building located in the Al Nahyan office district in Abu Dhabi. It sits on a 9,000 sq. ft plot arranged over 6 floors, of which 2 are fully fitted and the remaining 4 are shell and core, providing A Grade office space in a central location in the UAE capital city. The remaining office component of the portfolio in Dubai is the full EDB building located in Deira City Centre’s office precinct, providing 90,000 sq. ft. of Grade A office space across 11 floors. The building offers large floor plates of up to 10,500 sq. ft. with efficient layouts and floor to ceiling windows, convenient for large occupiers looking for full or multiple consecutive floors. The other office component in Dubai comprises of 4 floors in the EDB building located in Al Garhoud, providing 45,000 sq. ft. of Grade A office space within close distance of Dubai Festival