DAMAC appoints Choi as SVP in London unit

27/07/2017 06:06 AST

DAMAC International Limited, has appointed Richard Choi as its London-based Senior Vice President of Business Development in its effort to accelerate expansion opportunities in the UK and Europe.

DAMAC is exploring further investment opportunities following the success of its AYKON London One residential tower, a Versace-branded luxury development in Nine Elms which has already presold over 45 per cent.

"DAMAC International Limited has enjoyed phenomenal growth by selectively choosing expansion markets that have helped position it as a major regional and international property developer," said Hussain Sajwani, Chairman of DAMAC. "The success of our AYKON London One development in Nine Elms clearly indicates the company's ability to deliver the right product to the right market, and Choi's appointment further extends our reach into the UK and Europe moving forward. We are pleased to have him onboard."

Choi brings over 22 years of global investment banking and real estate expertise. Based in London since 2000, Choi has been focused on real estate investments and developments across the European, US and Latin American markets, and has overseen in excess of US$ 40 billion in transactions.

Choi will be joining the DAMAC International executive team to spearhead expansion opportunities in the UK as well as in gateway cities across Europe, building on the success of its 50-storey AYKON London One development that is set to become one of London's most prestigious addresses and the first in Europe to be designed in partnership with Versace Home.

Saudi Gazette