Broadgate REIT and Modon Holding to form a joint venture in a £1.5bn deal.

Broadgate REIT, a UK Real Estate Investment Trust, and Modon Holding, a developer of vibrant communities, unique hospitality and lifestyle experiences, and world-class sports facilities, agreed to form a joint venture in a £1.5bn deal, to deliver 2 Finsbury Avenue, a 750,000 sq ft world-class development at Broadgate. “Partnering with Broadgate REIT in the development of 2 Finsbury Avenue, is a key milestone in Modon Holding’s strategy to pursue international growth, supporting our strategy to diversify our development and investment business outside of the UAE and another step towards creating long term sustainable value for our shareholders,” H.E. Jassem Mohammed Bu Ataba Al Zaabi, Modon Holding Chairman.