24 Dec 2011
(MENAFN) Kuwait Finance House (KFH) sealed its first real estate acquisition deal in Canada, Arabian Business reported.
KFH purchased the newly constructed 180 Mill Road Apartments, a 127-unit complex in downtown London, Ontario in a deal worth USD32.5 million as part of a joint venture with Killam Properties.
KFH said that under the agreement, the partners are committed to contribute equity USD98 million, representing real estate acquisitions of approximately USD250 million.
KFH, along with Sigma Real Estate Advisors, own 75 percent of the of the equity, while Killan owns the remaining 25 percent, the statement added. KFH expected rate of return including fees will be 10-12 percent upon exit.
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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