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
- Expats medical tests
- Woman caught in camera while stealing bag
- Pakistani husband deported wife trying to get pardon
- Mobile theft caught in Camera in Fahaheel
- 15 Arrested in raid
- Tracking Bracelet will be given to pilgrims from Kuwait
- Orangutan caught in Kuwait in Narcotic Influence
- Kuwait’s Own Satellite
- Apply online Visa for Kuwait
- Rules and Regulations of E-Visa for Kuwait
- Kuwait Hottest Day
- Lady arrested at KSA Airport
- Three days off on weekend due to heat
- Visa for Parents
- 40 Expats Arrested
- 6000 Bottles of Alcohol caught in Kuwait
- Kabab of dead sheep in Restaurant in Kuwait
- Kuwait MOI employs Bengladeshi
- Medical Center of 120 Clinics in Farwaniya
- 3 Men Arrested
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
