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TAIB Bank sells off property
- Bahrain: Sunday, August 20 - 2006 at 12:06
The Bahrain based TAIB Bank has sold a mixed use commercial office property in Manhattan, which it bought in 2004 in partnership with the US-based investment firm, the DCD Group, reported the Gulf Daily News. The $43m transaction follows the $27.6m sale of a Florida shopping centre and the $164m sale of a hotel portfolio in France. Over $40m has been realised for co-investors so far this year.
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Jonathan Sheikh-Miller, Deputy EditorSunday, August 20 - 2006 at 12:06 UAE local time (GMT+4)
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This article was updated on Fri Oct 13 2006.
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