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
- Video & Pics : Vibe 2014 , Kuwait
- The Taxi Drivers of Kuwait City (via Counterpunch)
- A Night In at Bayt Lothan
- Visa validity conditional to passport’s
- Nearly one domestic violence case reported in Kuwait every day
- Lecture on “Being kind to parents”
- Fashion Lovers Expo , Kuwait
- Zumbathon with Rana Fitness , Kuwait
- ACK Moto Bazaar , Kuwait
- Video – Stealing in Salmiya Co-operative Society , Kuwait
- Government to recruit Kerala nurses for Kuwait
- New parking system at Kuwait International Airport
- Condolences to those who lost 132 kids and 9 teachers
- Hackers steal 4 Million Dinars in two days from local banks
- Two new A320 Aircrafts will arrive in Kuwait between December 18 and 22
- Dream Expo , Kuwait
- Santa at Cozmo Discovery , Kuwait
- Kuwait Tamil Sangam presents ” Mega Musical Night “
- IDAK Oral Health Guide Release and Cultural Show, FACES 2014 a Mega Hit
- I was just a ATM Machine
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
