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IFA HR, Portugal purchases
- Kuwait: Sunday, December 24 - 2006 at 16:31
Kuwait's IFA Hotels and Resorts has acquired two residential buildings in Pine Cliffs Residence, in the Algarve, Portugal, for $35m. The resort sits on an area of 7m sqft and has 2km of beach front. This is the first investment for IFA HR in a residential project in Portugal and the firm will be responsible for all re-sales through its international network of offices.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 24 - 2006 at 16:31 UAE local time (GMT+4)
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This article was updated on Sun Apr 22 2007.
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