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Three senior executives of AW
Rostamani have joined the board
of the company, with its founder
and managing director Paul Brayley
continuing to oversee the business
with his current management team.
AW Rostamani will play a crucial role
in lending its expertise and vision to
chart a robust growth for Brayleys.
The expansion to the UK, through
the majority investment in Brayleys,
is part of the organisation’s goal to
strengthen its global footprint through
strategic acquisitions.
Khalid Al Rostamani, Chairman of
AW Rostamani, said: “The acquisition
of a majority stake in Brayleys is
underlined by our strategy to expand
and build our business in the UK, a
key automotive market. We have
been assessing various options for
investments and identified Brayleys
as a perfect fit to our vision. We will
continue to explore new opportunities
to help enhance our presence in the
UK and focus on leveraging significant
growth opportunities with Brayleys.”
AW Rostamani operates in a number
of industry sectors across the United
Arab Emirates. Its flagship subsidiary,
AWR Arabian Automobiles, is the
exclusive distributor for Nissan,
INFINITI and Renault in Dubai and
the Northern Emirates, totalling 21
showrooms and 16 service centres.
With a focus on customer service
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December 2018
RETAIL
excellence, the leading player in the
GCC region’s automotive sector has
several exclusive industry dealerships
and partnerships.
Warehouses hot in
India as online retail
booms
Source: Finance & Commerce
India’s burgeoning logistics sector is
gaining favor with property developers
and investors, boosted by a growing
consumer class’s embrace of online
shopping.
With the nation’s residential market in
the doldrums and good quality office
space in short supply, logistics assets
are attracting global players such as
Brookfield Asset Management Inc.,
Canada Pension Plan Investment Board
and Warburg Pincus LLC.
“India’s logistics sector is coming of
age,” said Rushabh Desai, Asia-Pacific
chief executive officer at Allianz Real
Estate. The firm recently partnered
with ESR Group for an initial $225
million investment targeting logistics
properties in cities including Mumbai,
Bangalore and Hyderabad, with a goal
of growing to $1 billion in assets.
The introduction last year of a
uniform national goods and services
tax, replacing a plethora of state and