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
- Woman dies in fire saving her kids
- Kuwaiti teacher accused of assaulting special needs boy
- Kuwait signs two MoUs with China on road
- Driving license of expat housewives not to be renewed
- 120,000 expats to hunt
- 20 years old boy breaks into a house and rapes
- Health fee increase for expats in Kuwait
- Kuwaiti and his girlfriend break into 3 cars
- Kuwaiti man and his girlfriend arrested.
- 5 years residence plan for expats in Kuwait
- Expats in problem while travelling.
- Why to have HUAWEI P30 , P30 Pro.
- Dolby Cinema in 360 Mall , Kuwait
- New agreement between India and Kuwait for Entry Visas
- Toxins in the drinking water
- Driving license application and renewal go online
- Extra KD 8 per ticket
- New iqama process begins: Civil ID (passport number + Latin name + occupation).
- Don’t be confused in between passport and civil id during travel
- Civil ID with Passport Number to Enter and Exit Kuwait
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
