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Kuwait Finance, UDR in property JV
- Kuwait: Saturday, August 15 - 2009 at 13:52
Kuwait Finance House (KFH) has announced a $450m joint venture with US property company UDR Inc to buy high income property in the United States to tap lower asset prices, according to a KFH press statement. The joint venture will seek to acquire high income residential real estate in major cities in the United States. KFH has said it will own up 70% of the venture while UDR will have 30% participation.
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Medilyn Manibo, Assistant News EditorSaturday, August 15 - 2009 at 13:52 UAE local time (GMT+4)
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