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
- Patient need sex from a Syrian secretary
- Movie ‘Maulana’ ban in Kuwait
- Video – Snowfall in KSA
- Egyptian salesman caught peeping at female
- MOH urged expatriates to avoid crowding
- Filipina beaten to death
- Kuwaiti woman forgot snake in bag in taxi
- Criminal Court sentenced a Srilankan to Death
- Expatriates will enjoy the services at costs that suit the variation of each service
- 6 Months Jail and 500 KD fine
- Court sentenced 12 men to 10 years in jail with fine 198000 KD, 100 reproduced credit cards of one million dollars
- 38 caught, 27 cars, 5 bikes seized in traffic crackdown
- Increase the charges of private rooms in hospitals
- Ministry to review the current fees in private schools
- Firemen rescued the man from Grave in Sulaibikhat
- KD 50 to KD 500 fines for those who violate Article 33
- health service fees for expats – ‘Any decision will target visitors not residents’
- Tax on the remittances of expatriates
- Health charges to rise for expats in Kuwait
- Prostitution by social media in Kuwait
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
