Nakheel appoints advisers for divesting district cooling assets

According to sources close to the planned asset sale, the district cooling capacity to be divested is expected to be between 100-120 thousand refrigerated tonnes (kRT)

Local real estate developer Nakheel Properties has appointed advisers to assist with its plans to divest its district cooling assets.

The developer has appointed Synergy Consulting as the seller’s adviser and has appointed law firm Clifford Chance as the legal adviser.

According to sources close to the planned asset sale, the district cooling capacity to be divested is expected to be between 100-120 thousand refrigerated tonnes (kRT).

Dubai-based Nakheel has developed some of the emirate’s most iconic projects including the Palm Jumeirah, Jumeirah Islands and Dragon City.