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Sat 9 Feb 2008 04:00 AM

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Al Mazaya’s US $100mn property fund plan

Al Mazaya Holding has established a US $100 million property fund in alliance with Access Group, a partner of financial consultant, Grant Thornton International.

Al Mazaya Holding has established a US $100 million property fund in alliance with Access Group, a partner of financial consultant, Grant Thornton International.

The first of its kind in DIFC, Al Mazaya Property Fund will invest in part of Al Mazaya's property portfolio, and will seek other property opportunities in the commercial and residential sectors.

The fund's strategy will focus on a mixture of long-term capital appreciation through property assets and short-term returns through investing in mature property assets.

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