Dubai:
Abu Dhabi Capital Management (ADCM), the investment management arm of Abu Dhabi Financial Group, said on Wednesday it has signed an investment management agreement with Injaz Eastern European Property Development to develop and operate its portfolio investments in Lucice, Montenegro and Arkutino, Bulgaria.
Early in the year, ADCM announced that it had signed an agreement to invest in building a business hotel in the Atlas Capital Centre, Montenegro. The six-story hotel, which is located in a mixed-use complex with luxurious apartments, offices, embassies and retail, is expected to be completed by the end of 2015.
