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RELATED ARTICLES: Depa wins $60m arrangement for Angolan auberge activity | Depa buys out marble ambassador Carrara | Depa braces for 'extremely tough' 2010

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RELATED ARTICLES: Depa wins $60m arrangement for Angolan auberge activity | Depa buys out marble ambassador Carrara | Depa braces for 'extremely tough' 2010

Dubai-based interiors architect Depa Ltd has bought the Singaporean close Architecture Studio Furniture Manufacturer Ltd for AED295m, the close said in a statement.

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Depa has added its pale in Architecture Studio from 24.7 percent to 90.5 percent, accepting bought its aboriginal pale in 2006. The accretion ethics Architecture Studio at AED449 million, the account said.

“This accretion is addition key aspect in our continued appellation about-face plan, giving us greater acknowledgment to the Southeast Asian markets, area we see cogent opportunities,” said Depa CEO Mohannad Sweid.

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Design Studio is a Singapore-based artefact and accoutrement interiors specialist company, alive principally in Southeast Asian markets.

In 2008, Depa and Architecture Studio launched their joint-venture aggregation DDS Contracts & Autogenous Solutions Pte Ltd, with Depa captivation 55 percent and Architecture Studio 45 percent.

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Bernard Lim, CEO of Architecture Studio and DDS, said: "This accretion will abettor Architecture Studio in affair the ascent appeal from across markets and the able accumulation of residential properties, hotels, and resorts actuality currently congenital throughout the region. 

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