Emirates REIT completes sale of Office Park building
The AED 720m sale price represents a substantial premium over fair valuation. Proceeds will reduce debt and strengthen finances.
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In short: Emirates REIT reported record property income of $74 million for fiscal year 2023 and completed the sale of the Office Park building for AED 720m.
The AED 720m sale price represents a substantial premium over fair valuation. Proceeds will reduce debt and strengthen finances.
The transaction is valued at 720 million dirhams, and awaits shareholder approval, and the proceeds will be used to redeem part of the sukuk.
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08 April 2014 Emirates REIT (CEIC) Limited Emirates REIT), the first Shari'a-compliant regulated real estate investment trust incorporated in the Dubai International Financial Centre (DIFC...
See the latest Emirates REIT (CEIC) PLC stock price (REIT:DIFX), related news, valuation, dividends and more to help you make your investing decisions.
Dubai-based Shariah-compliant real estate investment trust Emirates REIT reported its highest-ever property income and strong growth in assets for the 2023 fiscal year, according to...
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