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
- Homosexuals, cross dressers and transgender caught in Hawalli
- Alghanim Industries Launched ” MI5 ” Phone & Accessories in Kuwait
- Transferring visa from Private Sector Project to Government Project
- Tax proposed on expat money transfers – Rate up to 5%
- Study to increase the traffic fines by 50 to 100 percent
- Video – 32 women deported , Kuwait
- Study calls for deporting terminated expat workers
- Indemnity, Leave balance payment & Time period taken to transfer visa to another company
- Overtime calculation for Managers & Workers
- Deportation of 41000 Expats from Kuwait
- Skull and skeleton parts found from the sewerage hole in Bayan , Kuwait
- Kuwait Declared 5th May 2016 HOLIDAY
- 143 Filipinos at airport to leave the Kuwait
- Kuwait CREW Finale at RedFest in Dubai
- A new brand; to make you up in Kuwait
- Kuwaiti police bust prostitution racket in Khaitan
- 14400 Expats deported in 4 months from Kuwait
- Shopping Event – Bachat Bazaar
- Video – Secret camera catches the disgusting moment of a maid in Kitchen in Kuwait
- Two men sentenced to death for murdering in Shopping Mall in Kuwait
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
