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FINANCIAL NEWS
Emirates Real Estate Fund issues USD190mn finance
22 Jan 2017
(MENAFN) Emirates Real Estate Fund has confirmed USD190.6mn Shari’a compliant finance facility with Emirates NBD on attractive commercial terms.
Moreover, the new facility will help contribute to restructuring the balance sheet and making more efficient capital structure to enhance returns to investors.
Among the last 24 months, the fund has invested more than USD163mn in real estate acquisitions involving Binghatti Terraces in Dubai Silicon Oasis.
In addition, the new facility will support its core objective of receiving improved returns for investors.
M
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