ArabianBusiness.com - Middle East Business News Sunday, 06 July 2008 | 14:27 UAE time

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Kuwaiti real estate fund makes first deal

						
		by ArabianBusiness.com staff writer  on Saturday, 22 September 2007
			
						
							
			
			Kuwait's Global Investment House has revealed its Global Asia Real Estate Fund has made its first acquisition, buying a shopping mall in the city centre of Weifang in Shangdong Province, China.

  The fund conducted the investment with two joint venture partners, Singapore's Titan Capital and Pan China, with the total value of the investment being US $8.8 million.

  It is hoped the investment will provide gross returns in excess of 25%.
			

								

									
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