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Ezdan may sell part of portfolio to Malaysian trust
- Qatar: Monday, November 09 - 2009 at 09:55
Qatar's largest property developer by market value, Ezdan Real Estate Co has said it aims to sell part of its property portfolio by year-end to a Malaysian-based real estate investment trust to finance new projects, Reuters has reported. 'They will buy the property from us and we will manage it for them with a fixed return,' Ezdan's managing director Hesham el-Sahtary told the news service. 'The plan is to launch it in Malaysia as an international fund and we hope to conclude it this year.'
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StaffMonday, November 09 - 2009 at 09:55 UAE local time (GMT+4)
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