Dubai – Mubasher: Emaar Properties and Al-Futtaim Real Estate Investment have upped their stakes in Emrill, a UAE-based facilities management (FM) company.
Both companies have purchased the stake of Carillion plc, a British multinational facilities management and construction services company, after its liquidation in January.
“Emrill would remain an independently operated joint venture company, and equally owned by Emaar and Al-Futtaim,” Emrill said, quoted by Construction Week Online.
The deal's value was not revealed.
Emrill’s daily operations will not change and its management team will remain focused on delivering quality service to all its customers, the FM company added.
