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
- Organic sounds – A tribute to Nepal
- Presentation : Ramadan Tips & Tricks by Aware Center , Kuwait
- Taksim Trio in Kuwait
- Lecture : Grown your own food in Al Shaheed Park, Kuwait
- Health Information , Kuwait
- Community League Q8 Football , Kuwait
- Rents of apartments are starting to decline in Kuwait
- Shepherds died by thirst in Kuwait
- Autumn Consumer fair, Kuwait
- Discussion on Ethics in Art and Design , Kuwait
- AUB Chief Executive Officer visit Kuwait Cricket
- TIES Animal Fare , Kuwait
- Ramadan Tips for Expats by TIES Center , Kuwait
- Yoga by K’S PATH , Kuwait
- Dance Workshop , Kuwait
- Opening ceremony for the 18th International Music Festival
- Photography Workshop , Kuwait
- Sidra Nights at Bayt Lothan , Kuwait
- Bangladeshi Dance Performance , Kuwait
- 12 year old girl raped
Filed in: All • Expats in Kuwait • Local News • Projects
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
