Nakheel plans overseas push
United Arab Emirates: Thursday, June 26 - 2008 at 10:20
Dubai-based developer Nakheel is planning big investments in listed property firms in Asia, the UK and US to take advantage of bargains that are available following the credit crunch, reported Reuters. Nakheel also plans to raise its stake in Australia's Mirvac Group Ltd MRG.AX from 12.5% to just under 20% to expand its operations there.
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Jeff Florian, Senior ReporterThursday, June 26 - 2008 at 10:20 UAE local time (GMT+4)
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