Sunday 1 March 2015

Eiffel buys remaining 25% stake in Emirates Reit Management | The National

Eiffel buys remaining 25% stake in Emirates Reit Management | The National:



"Eiffel Management yesterday bought out the remainder of the manager of the UAE’s first real estate investment trust from Dubai Islamic Bank.



Eiffel, a French asset management company, bought the outstanding 25 per cent stake from the bank, which means that Eiffel now owns all of Emirates Reit Management’s share capital.



The companies did not disclose the value of the transaction."



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