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Eversheds Sutherland advises iMENA Group and founders on sale of JRD Group

  • Middle East

    15-04-2019

    Eversheds Sutherland has advised iMENA Group, Alex Nicholas and Siddharth Singh (the founders) on the sale of JRD Group to Property Finder. As part of the transaction, iMENA Group will fully exit its investment in JRD Group while Nicholas and Singh will stay on board and become shareholders of Property Finder.

    JRD Group was founded in 2008 as a software enterprise dedicated passionately to innovating real estate technology. Based in Dubai, JRD Group owns and operates real estate portals across the MENA region under the JustProperty.com umbrella and a proprietary enterprise real estate software platform, PropSpace.com, for brokers, property managers and developers.

    The deal is expected to close after customary conditions have been met.

    The Eversheds Sutherland team was led by Dubai-based partner Iwan Walters who was supported by Dubai-based associate Ramzi Noursi.

    To view the full press release – click here.

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    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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