Latest News
- Amir Of Kuwait And Jordan King Renew Commitment To Regional Secu...
- 37 Arrested With Narcotics And Firearms
- Outrage Over Candidate's Arrest
- Six Stores Shut Down In Jahra For Selling Fake Goods
- Peddlers Caught With Drug Pills And Crystal Meth
- PAFN Shuts Down Restaurants And Bakeries Over Violations
- MoI Officer And Lawyer Jailed On Fraud Charges For Bad Cheques
- Thousands Of Bangladeshis Gathered To Pray For Rain
- Kuwait University Symposium Addresses Student Counselors' Role I...
- Kuwait Affirms The Importance Of Group Work In Addressing Common...
- Urgent Call For Kuwaitization: Civil Service Commission Aims For...
- Kuwait Halts Work Permits For Egyptian Workers Amidst New Regula...
Kuwait's Global Inks Deal To Buy B And Q Warehouses In England
Kuwait-based Global Investment House has signed an agreement to acquire two retail warehouses in the towns of Bury and Grimsby in the north of England.
The properties are let to B&Q, a leading retailer in the DIY and home improvement sector, the company said in a statement.
Structured as one transaction, this acquisition provides Global's clients with a sharia compliant structure and expected net annualised cash dividends exceeding 8 percent with annual growth opportunity of 2-3 percent.
;This marks the sixth transaction under Global's UK National Commercial Real Estate Program launched in partnership with London-based Greenridge Investment Management Limited.
Launched in September 2015, the Program includes eight properties with a total value around $400 million, the statement said.
Nasser Al-Khaled, head of Real Estate Asset Management at Global, said: “This acquisition affirms our strategy to diversify our portfolio and demonstrates our continued pursuit of identifying value growth prospects in other sectors within the greater UK property market.
"We see great opportunity in the retail warehousing sector due to its resilience to the rise of the e-commerce industry. Moreover, the thriving housing construction market witnessed currently in the UK and its growth prospects further supports the rationale behind the perceived value proposition in this sector.”
SOURCE : ARABIANBUSINESS
Trending News
-
Kuwait Implements Home Biometrics Services Ahead O...
14 April 2024
-
Kuwait Airways Provides Update On Flight Schedule...
14 April 2024
-
Kuwait Airways Introduces Convenient Home Luggage...
15 April 2024
-
Expat Residency Law Amended By Kuwait Ministerial...
20 April 2024
-
Gathering For Eid Al-Fitr Prayers: Kuwaiti Citizen...
10 April 2024
-
Two Expats Are Arrested For Stealing From Salmiya...
17 April 2024
-
An Egyptian Expat Dies At Kuwait's Airport
11 April 2024
-
Kuwait Airways Resumes Flights To Beirut And Oman...
15 April 2024
-
Bay Zero Water Park Kuwait: Summer Season Opens Ei...
11 April 2024
-
Temperature Increases Cause Electricity Load Index...
21 April 2024
Comments Post Comment