Dubai World and MGM Mirage sells joint Las Vegas retail project | The National

Dubai World and MGM Mirage sells joint Las Vegas retail project | The National:

"Dubai World and MGM Mirage sold their joint retail project in Las Vegas for US$1.1 billion, as the UAE entity continues on its road to recovery from the 2009 financial crisis.

Invesco Real Estate and Simon Property Group will take control of CityCenter’s The Shops at Crystals, a 324,000 square feet luxury shopping centre, with the deal expected to close in the second quarter.

“We believe that Invesco Real Estate and Simon Property Group are the ideal stewards to maintain the high quality of the asset and usher in a new era of success," said Jim Murren, the chairman and chief executive of MGM Resorts International."



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