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TAKtical $74.9m Rainbow investment
- United Arab Emirates: Thursday, November 30 - 2006 at 12:35
TAKtical International has invested $74.9m in buying up properties in $136.2m Rainbow Towers in Umm Al Quwain. The purchase came through subsidiaries TAKtical Realty Group and Katalina Investments. The development by UK's FuGen comprises 1,008 apartments in seven towers which was to be pitched at low income families. TAKtical says it will resell units individually, and also market the balance of units it did not acquire on behalf of FuGen.
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James McInerney, News EditorThursday, November 30 - 2006 at 12:35 UAE local time (GMT+4)
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This article was updated on Sat Dec 02 2006.
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