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
- Plan to renovate beachfront in Jahra
- Cross dressers arrested
- Three motorbik riders arrested
- Effects of tax on expat’s money transfer to their countries
- TAKE CARE WHILE CAMPING – A man died due to landmine blast in desert
- Transfer of Factory visa to Private company
- MOI detective found dead in car
- Four Filipinas arrested with 35 KG pork
- Kuwaiti ancient manuscript worth millions of dollars
- Court ordered an Expat to pay 2 Million KD
- New 6 Cities in Kuwait for Labor only
- Review expiry dates of passports of Expats
- Shoes worth of 3 Millions KWD of a Bangladeshi in Kuwait
- Three Masks men in dishdasha are robbing around – TAKE CARE
- Increase water and electricity tariffs
- woman kicks husband out of marital home
- Bill imposing fees for medical services on Expats
- Reward of 7,650,000 KWD (25 Millions USD) for information of Abu Baker
- Books caught, offensive to the Islamic regions and contain abuses
- Around 285 held, 45 cars seized
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
