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
- Filipino arrested with 10 kg of drugs brought in from Pakistan
- Kuwait sent oxygen cylinders to India
- A vaccination certificate will be mandatory
- Kuwait suspends commercial flights from India
- Direct flights, from and to Kuwait
- Kuwait ready for reopening of schools
- Kuwaiti woman slain in public
- Above 65 can get COVID-19 vaccine without prior appointment
- Unpaid expat gets cash exceeding his one year salary
- The reason behind spread of coronavirus in Kuwait
- Philippines officially lifts ban on sending domestic workers to Kuwait
- Expats (non-vaccinated) have higher ICU numbers in Kuwait
- Rich became richer in the COVID pandemic
- Twitter, Facebook, WhatsApp, YouTube and Telegram blocked till 3pm – Pakistan
- GCC coronavirus cases – 15.04.2021
- List of accredited laboratories for Pakistan and the Philippines
- Kuwait issued an order to extend the period for residency violators
- It is time to leave Afghanistan
- Ban on bringing Filipino workers to Kuwait lifted
- KWD 50,000 fine, 3-yrs jail
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
