Tuesday 29 July 2014
US property

Investcorp acquires key US properties for $105m

Bahrain-based Investcorp, a leading provider and manager of alternative investment products, has announced that its US-based real estate arm, has acquired a portfolio of commercial and residential properties in Dallas, Texas and South Florida fo


Saudi group in $133m overseas project investment

Saudi conglomerate Abdulaziz Alsaghyir Holding said it had invested about SR500 million ($133.2 million) in the overseas real estate markets with focus on acquisition and developement of prime properties in the US and the European Union.


Investcorp acquires US hotel property

Investcorp, the Bahrain-based alternative investment firm, said it has acquired Residence Inn Manhattan Beach, a 176-room Marriott hotel in Los Angeles, California. Residence Inn is the Marriott hotel group's brand of extended stay ho


Investcorp buys shopping centre in Texas

Investcorp, the asset management firm specialising in alternative investments, has acquired Deerbrook Marketplace, a retail shopping centre in Houston, Texas. Located in north suburban Houston, the 348,542 sq ft Deerbrook is home to leadin


Istithmar loses prime US property after default

Istithmar World, a unit of Dubai World, has handed over a prime New York residential building to Danske Bank after failing to pay its mortgage, a UAE daily reported on Thursday. This is the loss of its second property in Manhattan since De

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