After the New York acquisition, Kuwaiti investors acquired a $33 million building in UK
The Kuwait-based Warba Bank has announced acquisition of the new headquarters of British Telecom located in the town of West Bromwich in the UK for $33 million.
This is in-line with their acquisition in New York a couple of weeks ago in which they announced the conclusion of a financing deal to purchase a property and develop it into a multi-family residential complex by Criterion Group based in New York. A total of 24 percent of the stocks of this bank is held by Kuwait Investment Authority (KIA).
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More details on both real estate transactions follows
May 15, 2012 |
Filed under Kuwait Investors
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