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
- Kerala Express Restaurant- Opening
- Freelance Diwaniya – Events in Kuwait
- Bushaiba & Al Baz win Red Bull Bar Bahr
- Korean Street Food Festival – Events in Kuwait
- Two Romanians prostitutes arrested in Mahboula, 400 KD per hour
- Arab man arrested for trying to rape his Sister-in-law for revenge
- Mother and Son arrested
- Fake maids offices cheating citizens and expatriates busted
- Old driving license cancelled
- Jordanian ladies quit their jobs in Kuwait
- Retirement after the service of 34 years
- Law to allow women work part-time
- Kuwait re-issued the first 130 years old Kuwaiti coin “Paisa”
- Carpenter as Doctor in Kuwait for 3 years
- New electricity and water bills rates
- Visa for kid in Kuwait
- Official White House Photographer Pete Souza Reveals His Favourite Photos Of Obama
- 3 Expats arrested from Farwaniya , Kuwait
- New born baby in Kuwait and Salary cap for dependent visa
- Indian Embassy does not deal in Indian currency notes
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
