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
- Planning to end the services of expatriate staff
- Tunisian woman raped several times
- Three Asian Prostitutes arrested in Farwaniya
- Over 100 illegals arrested in City raid
- International Jewellery Arabia Kuwait showcase
- Premier of – The Blue Box- Memories of the Children War
- Can son bring parents and sponsor them on dependent visa?
- Woman offering ‘services’ via media
- 6 Ethiopian girls caught
- From 2 KD to 50 KD – Charges increased on work permits and transfer of residence
- Driving license – Changed from Drivers Visa to Distributor
- Indian caught having sex with maid in Kuwaitis house
- 37,000 citations issued, 1,513 cars seized in surprise raids
- Footballers’ Dreams Turn Into Reality with Red Bull Neymar Jr’s 5
- Gulf Jazz Festival in Kuwait
- EXTREME STUNTS SHOW – Events in Kuwait
- Arab Culture Diwaniya – Events in Kuwait
- Akram Hosny in Kuwait
- Car Boot Sale – Events in Kuwait
- Japanese Film (fireworks from the heart)
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
