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Gefinor Center Sold for $100M

Gefinor Center, the office complex located in the Clemenceau district of Ras Beirut was sold to the Arabian Construction Company (ACC)for $100 million. The Center has 21,000 square meters of office space. Built in 1969, it has a current
occupancy rate of 90%, of which 40% corresponds to old leases. ACC is a subsidiary of the Arab Construction Group Holding, which has subsidiaries in Saudi Arabia, Qatar, Egypt, Syria and Pakistan and has worked on major projects across the Arab world. Source: 
 

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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