Kuwait interested to buy Mall in 2 Billions USD
Kuwait Investment Authority (KIA) is among the final three bidders for an Irish property portfolio valued at an estimated $1.8bn.
Project Jewel, a loan portfolio that includes debt secured on Dundrum Town Centre, a 12 ha shopping centre in Dublin, among others, is controlled by Ireland’s National Asset Management Agency (NAMA), the government body that took over the country’s distressed real estate assets during the downturn.
According to Arabian Business, the sale being conducted by NAMA is for the loans secured against the shopping centres, as opposed to the centres themselves. However, by buying the loans, the successful bidder will have effective control over the properties.
The portfolio also includes a 50% stake in two other prominent shopping centres in Dublin (Ilac in city centre and Pavilion in Swords), as well as land adjacent to the Dundrum Shopping Centre that has been earmarked for its second phase of development.
Source : Construction Week Online
Kuwait News
- Events in Kuwait
- AWL’s monthly member social at The Regency Hotel
- Aswat 3 – Performace from Old to Modern Kuwait
- Seminar : Women and Entrepreneurship
- Winter Bazaar by British Ladies Society in Kuwait
- Discussion : Misconceptions about Jihad
- UK CULTURE WEEK | Gandini
- UK CULTURE WEEK | Gandini Workshop
- UK CULTURE WEEK | Paper Cinema
- UK CULTURE WEEK | Heliosphere
- UK CULTURE WEEK | Tom Warner
- UK Culture Week | Zoe Rahman Trio
- USA Drone crash in Kuwait
- Police found a secret location in Khaitan called ‘Cave of Ali Baba’
- 8 Romanians Womwn Prostitutes arrested in Kuwait
- Srilankan Housemaid stabbed to dead in Kuwait
- Srilankan Woman Suicide in Kuwait
- No Visa for Indian domestic workers
- 7000 Narcotic Pills caught in nuts bags at Airport
- 200 Kuwaitis killed and 6,000 injuries per year
- Kuwait deports 413 expats
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
