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BRIEF-Emirates REIT to acquire European Business Centre in Dubai Investments Park
August 23, 2017 / 11:35 AM / 3 months ago

BRIEF-Emirates REIT to acquire European Business Centre in Dubai Investments Park

Aug 23 (Reuters) - EMIRATES REIT CEIC LTD:

* SIGNS ACQUISITION OF EUROPEAN BUSINESS CENTRE IN DUBAI INVESTMENTS PARK, AT A PURCHASE PRICE OF AED 130 MILLION

* SAYS FOLLOWING COMPLETION OF ACQUISITION, CO‘S TOTAL PORTFOLIO WILL CROSS AED 3 BILLION

* EXPECTS TRANSACTION TO GENERATE AN ESTIMATED IRR IN EXCESS OF 10 PERCENT Source: (bit.ly/2wEaCN5) Further company coverage:

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