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
- Driving license cancelled when went for renewal
- Filipina raped inside flat in Mahboula
- 32 arrested in Jleeb, Kuwait
- Declare the sources of money if you have more than KD 3,000
- MOI takes steps to block sites
- Photos – Kuwait Boxing Gym
- “Abtal Barcelona” are off to Brazil to Represent Kuwait in Neymar Jr’s Five Final
- 28 women set to be repatriated soon in Kuwait
- The detained (due to affiliation with Daesh) Ali Omar and his mother revealed shocking info
- Man emerges from suitcase
- Shooter girls from Kuwait to India
- We have lost a great servant of humanity – Abdul Sattar Edhi
- Two restaurants closed in Kuwait
- Experience Korean culture & fashion
- KSA’s MOI claimed, suicide attacker was Pakistani
- Terrorists Cell caught in Kuwait
- Kuwait said to face terror attack
- Five arrested in Farwaniya
- Govt Project visa transfer to Private or Public Sector
- No Salaries for two months
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
