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Birthday : 06/13/1928
Place of birth : Guangdong - China
Biography : Richest man in Asia and eleventh global fortune according to Forbes in 2011, Li Ka-shing is the...
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Rasmala : acquires AED 300m warehouses

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08/28/2016 | 10:29am CEST

Mubasher: Rasmala completed, in partnership with Ajman Bank and other leading Gulf investors, the acquisition of 72 warehouses in Dubai covering nearly 600,000 sq. ft. (BUA), according to a press release.

The transaction, which is valued at approximately AED 300 million, was financed through equity and Sharia compliant financing facility, with Ajman Bank participating as a strategic seed investor and sole financier.

The acquisition is done through a sale and leaseback arrangement for the next seven years.

Located in Dubai Investments Park, the warehouses benefit from their close proximity to Jebel Ali Free Zone.

"These properties are sub-let to a diverse group of 31 high quality tenants operating in sectors such as F&B, retail and manufacturing," the statement highlighted.

Source : Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2016 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Latest news about Li Ka-shing 
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