Musharaka REIT fund to acquire property with $12.5mln – ZAWYA
- Date: 12-May-2020
- Source: Zawya
- Sector:Financial Markets
- Country:UAE
Musharaka REIT fund to acquire property with $12.5mln – ZAWYA
Musharaka REIT fund to acquire property with $12.5mln. The property's annual rental value starts at $1.09mln. Under a 25-year leasing contract, the property's annual rental value starts at AED 4 million, with a 10% rise in rental value every five years.. The acquisition will be financed through the bank facilities available to the fund..