Raja Alameddine has been appointed Chief Executive Officer in the MENA region for Colliers, the firm has announced. The firm said it partnered with physical asset management company Eltizam Group in early 2022, and now sits within the iREC Holdings division, which is part of the Eltizam Group.

“We are delighted to have Raja Alameddine on board as the CEO for Colliers in the MENA region and to have his expertise available to the wider Eltizam Group. Alameddine has extensive geographical mobility and his regional leadership will not only lead us to push boundaries, but will also inspire the wider team with his wealth of knowledge,” said Naser Barhoum, Divisional CEO, iREC Holdings.

According to Colliers, Alameddine has over 30 years of experience in the real estate industry and is an expert in various asset classes, including master-planned cities and large-scale mixed-use communities.

In late January 2023, Yas Holding launched its property development arm, Taraf and, in the same month, Espace Real Estate said it was expanding with two new Dubai offices.

With a background in real estate development and investment banking, Alameddine’s expertise will be instrumental in accelerating the growth in the region and taking the business to new frontiers, the firm said.

Alameddine commented, “I am honoured to be appointed as the CEO of Colliers in the MENA region. Colliers provides more than a strong foundation; its inclusive culture, pivotal strategies and resilient business acumen are all aligned with my vision of a revolutionary tomorrow.”

“I look forward to this empowering opportunity and to building on a proud history of more than 30 years, while delivering outstanding value to all our stakeholders,” he concluded.

Late in January 2023, Global Partners said it had successfully closed its $212mn build-to-rent property fund.