Gulf Capital JV Is in Talks to Sell Abu Dhabi Mall to Mubadala - Bloomberg:
Abu Dhabi-based private equity firm Gulf Capital PJSC is in talks to sell a mall to Mubadala Investment Co. and is raising a loan to boost liquidity.
Gulf Related, a joint venture between Gulf Capital’s real estate unit and U.S. developer Related Cos., is close to selling the Galleria Mall on Abu Dhabi’s Al Maryah Island to the sovereign wealth fund after operating the development for five years, Karim El Solh, Gulf Capital chief executive officer and Gulf Related’s co-managing partner, said in an interview.
“We are going to close very soon on that,” Mubadala executive director of real estate and infrastructure, Ali Eid Almheiri, said in the same interview, without revealing the size of the deal. “It just became obvious that we are the matching buyer.”
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