Browse
related articles
Dubai in $1bn SA acquisition
- United Arab Emirates: Thursday, September 21 - 2006 at 07:32
A joint venture consortium of UK-based London and Regional Properties and Dubai World's investment arm Istithmar has paid $1bn for the Victoria & Alfred Waterfront in South Africa. The acquisition will be partly financed through a $700m loan with South African bank Investec, with the buyers putting in the balance. One of the most successful developments in Cape Town, the Waterfront is visited by 22m people a year. Nakheel Hotels and Resorts will help prepare a future master development plan.
Related Content
Article Options
James McInerney, News EditorThursday, September 21 - 2006 at 07:32 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sun Sep 24 2006.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
