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
- Court sentences 3 expats to death
- New Terminal 4 will open on July 25
- Funds for 90,500 jobs for expatriates in ministries
- My Husband having affair with neighbor
- No bikinis allowed
- How would be Kuwait weather in 2035
- Father deported, Mother holed up and 5 years old daughter found on beach in Kuwait
- British woman lodged a malicious complaint against an Indian expatriate
- 13000 peoples arrested
- WhatsApp to stop working on these phones
- Violations by public – Fine upto KD 250 by EPA
- Fake Police in Kuwait
- Hawkers Arrested in Mahboula
- Worried about token Migration during Mainnet Launches and ERC-20 tokens swaps – Huobi is here for you
- Eid holiday to extend to Monday
- 1st integrated 5G network in Kuwait
- Dogs in hospital lobby
- 1,400 driving licences pulled to cut chaos on roads
- The Adtech Blockchain
- LITEX (LXT) : All set to revolutionize micro-payments
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
