Abu Dhabi developer hires ex-Emaar exec as acting CEO

Bloom Holding has announced the appointment of Jeremy Lester as its new acting CEO
Abu Dhabi developer hires ex-Emaar exec as acting CEO
Bloom Towers in Jumeirah Village Circle is one of the developer's current projects.
By Sam Bridge
Sat 03 Aug 2019 12:04 AM

Abu Dhabi-based developer, Bloom Holding, has announced the appointment of former senior Emaar executive Jeremy Lester as its new acting CEO.

Lester replaces Sameh Muhtadi, the previous CEO since 2014, who has decided to step down to pursue other interests, a statement said.

Lester will take full responsibility for operations across all Bloom Holding companies, which include sectors including real estate, education, hospitality and lease and facilities management services, it added.

In his previous jobs, Lester held senior positions with Emaar International as CEO, and led JLL for over a decade, where he played a critical role in driving the firm’s growth in real estate sector.

Bloom Holding said: “Jeremy Lester’s track record of delivery, wide sector experience and deep understanding of the region make him exceptionally well-placed to steer the company’s future direction. His dynamic approach and knowledge of the real estate development industry in the UAE will enable Bloom Holding to maximise its potential for future growth.”

Late last year, Bloom Properties confirmed that all its projects currently under construction are on track for scheduled delivery.

The developer said that work is progressing at a steady pace across various Bloom developments in Dubai and Abu Dhabi.

These developments include Bloom Heights and Bloom Towers in Jumeirah Village Circle (JVC) and Stella Maris in Dubai Marina in Dubai, as well as Park View and Soho Square mixed-use developments in Saadiyat in Abu Dhabi.

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