DAR GLOBAL PLC APPOINTS DAVID
WEINREB AS CHAIRMAN
London, 3 October 2024 - Dar
Global PLC, the London Stock Exchange listed international real
estate developer, is pleased to announce the appointment of David
R. Weinreb as Non-Executive
Chairman, effective 3 October 2024. Weinreb, a
seasoned entrepreneur and leader in real estate, brings an
extensive background spanning four decades of experience and
innovation to Dar Global. He will build on the Company's strong
foundations, focusing on its strategy to expand its portfolio and
reach.
Weinreb is widely recognised for his
leadership as co-founder and CEO of The Howard Hughes Corporation,
where he led a multi-billion-dollar real estate powerhouse. Under
his guidance, The Howard Hughes Corporation's market cap grew from
$500 million to $6 billion by the time of his departure in 2019.
Weinreb's success in creating iconic developments such as Downtown
Summerlin in Nevada and Ward Village in Honolulu has solidified his
reputation as a leader in the sector with the ability to create
enduring value in real estate.
Since 2020, Weinreb has served as
Chairman of Weinreb Ventures, a real estate focused investment and
advisory firm. In 2013, he received the Ernst and Young
Entrepreneur of the Year® Award in Real Estate and has also been
featured on the Commercial Observer Power 100 list and named one of
the Top 200 CEOs in the U.S. by ExecRank.
As Chairman of Dar Global, Weinreb
will guide the Company's strategic vision as it continues to expand
its portfolio and reach. His appointment marks a significant
milestone for Dar Global as it aims to deliver landmark real estate
projects that are innovative, sustainable, and designed to meet the
evolving needs of modern cities.
Ziad El Chaar, CEO of Dar Global, commented: "We are excited to welcome David as our new
Chairman. His experience and track record of driving growth in the
sector will undoubtedly accelerate Dar Global's next phase of
development."
"I am pleased to join Dar Global at
such an exciting time in its growth trajectory," said Weinreb. "My vision is to leverage Dar
Global's foundation and take it to new heights, expanding its
presence while seeking to ensure that developments not only meet
but exceed the expectations of both local and international
investors. Together, we will focus on delivering exceptional value
to our stakeholders by introducing globally influenced design
standards and offerings that cater to both first and second home
markets, while setting new benchmarks for innovation and excellence
in real estate development."
Weinreb's appointment reflects Dar
Global's dedication to attracting top-tier leadership talent and
driving its vision of becoming a global leader in real estate
development. With his extensive expertise and leadership, the
Company is poised to achieve new milestones in the years
ahead.
- ENDS -
About Dar
Global:
Dar Global PLC is a highly
differentiated international real estate business. It focuses
predominantly on developing real estate projects comprising second
homes for internationally mobile customers in some of the most
desirable locations across the Gulf Cooperation Council (GCC) and
Europe, including downtown Dubai, Muscat in Oman, and the Costa del
Sol region in the South of Spain.
Dar Global was admitted to the Main Market of
the London Stock Exchange on 28 February 2023.
Please visit www.DarGlobal.co.uk
For media
enquiries, please contact:
Reem Altajer | Mai Elsayed
Burson
reem.tajer@bcw-global.com
mai.elsayed@bcw-global.com