BNW Developments consults Water & Shark on setting up a corporate and governance structure framework
In the dynamic world of luxury real estate, BMW Developments continues to stand out as a leading brand in the UAE. With a portfolio exceeding AED 22 billion, the company is known for delivering vision-led spaces that shape the skyline and elevate urban living.
Recently, BMW Developments announced a significant move towards aligning its growth trajectory with corporate succession planning. This exercise, aimed at shaping the corporate architecture of the company, was led by Adv. CA Harsh Patel, Managing Partner, and involved Water & Shark Legal, BMW Developments, and The Tax Experts DMCC.
Water & Shark Legal advised BMW Developments on strategic corporate and governance structuring. The transaction, which did not specify a merger, acquisition, or other type of deal, was designed to align structured governance with the innovative momentum of BMW's leadership.
Adnan Khan, serving as Tax Manager, and Adv. CS Shehbaazali Fazalbhoy, Associate Partner, were instrumental in the strategy development and implementation of comprehensive corporate governance and succession planning at BMW Developments. CA Dixit Jain, Managing Partner and Member Firm of The Tax Experts DMCC, also participated in the transaction.
BMW Developments is renowned for its lifestyle-driven developments across the Emirates, and this strategic move is expected to further solidify its position at the forefront of the luxury segment. The company has consistently set new benchmarks in architectural excellence, and its portfolio of iconic projects redefines the region's high-end living experience.
This strategic partnership underscores BMW Developments' commitment to maintaining its leadership position in the UAE's luxury real estate sector while ensuring a sustainable and successful future for the company.
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