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
- Police have arrested 6 women
- More food items seized
- Kuwait Airways ‘plans’ to open new terminal in June
- 2,140 job vacancies for expatriates
- Ink Convert papers to 20 KWD Notes, fool
- Filipino maid was unconscious before stuffing into the freezer
- ‘Schengen visa’ requirements for Expats
- Rethink on health fees for expats
- Kuwait has most powerful plans in Gulf
- Soon, expats would not be allowed to have more than one car
- Kuwait extends amnesty two months
- KWD 12000.000 per month
- Not allowed for bachelors to stay in private houses
- Extension for amnesty seen
- Justice for Joanna
- 3 women arrested for prostitution, 50 KD per hour
- Domestic workers cant travel without permission from sponsor
- Joanna Demafelis dead body arrived to Manila
- 80,000 women broke red signal
- Manila announced a “total ban” on new employment in Kuwait
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
