Jeremy Lester replaces Sameh Muhtadi as Bloom Holding CEO
Acting CEO moves from Emaar International, a subsidiary of Dubai-based Mohammed Alabbar-led Emaar Properties
Jeremy Lester has been appointed acting chief executive officer (CEO) of Abu Dhabi-based real estate developer Bloom Holding, replacing Sameh Muhtadi, who has “decided to step down to pursue other interests” after holding the CEO post since 2014.
Effective immediately, Lester takes full responsibility for operations across all Bloom Holding companies, which cover sectors such as real estate, education, hospitality, and lease and facilities management services.
He moves to Bloom from Emaar Internatioanl, a subsidiary of Dubai-based development giant Emaar Properties.
Lester's other stints include senior positions at Jones Lang LaSalle (JLL) and Grocon, a Melbourne-headquartered construction company.
Speaking on the move, Bloom Holding said in a statement: “[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.”
Abu Dhabi-based Bloom’s flagship community development is Bloom District, located in Madinat Zayed, near Abu Dhabi International Airport.
Muhtadi told Construction Week in April 2019 that the group planned to appoint a main contractor for project in Q4 2019, adding it would take the group roughly eight to 12 years to fully develop it due to its 200ha size.