Union Properties seeks AED 1.5bn acquisitions

Union Properties seeks AED 1.5bn acquisitions

Dubai - Mubasher: Union Properties is planning for new acquisitions valued around AED 1.5 billion to promote the company's financial position and diversify its income sources by investing in real estate, health, education. and hospitality sectors.





The company seeks to buy stakes in a number of investment opportunities and strategic projects in the UAE in several sectors, including real estate, the company's chairman, Khalifa Hassan Ali Saleh Al Hammadi, disclosed during a press conference.





It is noteworthy to mention that in early August, the company has entered into an agreement with Emirates NBD to fully restructure its existing AED 946 million debt with the bank and pay the initial amount as per new terms.