Arab Today, arab today kuwait\s kfh seals first canadian real estate investment
Last Updated : GMT 12:04:32
Arab Today, arab today
Arab Today, arab today

Kuwait\'s KFH seals first Canadian real estate investment

Arab Today, arab today

Arab Today, arab today Kuwait\'s KFH seals first Canadian real estate investment

Kuwait City - Arabstoday

Kuwait Finance House (KFH) has announced the acquisition of a residential apartment complex in Canada in a deal worth about $32.5m, its first as part of a joint venture agreement. The purchase of the newly constructed 180 Mill Road Apartments, a 127-unit complex in downtown London, Ontario, is the first property held under KFH\'s joint venture with Killam Properties. The investment firm signed the joint venture agreement last year with Killam with the objective of acquiring residential properties in Canada. Under the agreement, the partners are committed to contribute equity up to C$100m, representing real estate acquisitions of approximately $250m, KFH said in a statement. Seventy-five percent of the equity comes from KFH and Sigma Real Estate Advisors, its real estate advisor, with Killan providing the other 25 percent, the statement added. The purchase price of 180 Mill Road was C$33.3m ($32.5m), with KFH/Sigma\'s ownership interest being C$25m. KFH said its expected rate of return including fees will be 10-12 percent upon exit. Construction of the 12 storey apartment building, with two levels of underground parking, and seven adjacent townhouses, was completed during the first quarter of 2011. The building is located in the Richmond Row area of downtown London, one of London\'s finest shopping, restaurant and entertainment districts. Still in its initial lease-up stage, the building is currently 60 percent occupied. \"We are very pleased to announce 180 Mill Road as the first real estate acquisition under the joint venture with Killam,\" said Abdulnaser Al-Subaih, KFH\'s assistant general manager. \"The joint venture currently has two additional properties under contract. One is in Ottawa and is close to completion with the closing scheduled for the first half of 2012 and the other property is newly constructed and is located in the Greater Toronto Area and is subject to lender and CMHC approval.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait\s kfh seals first canadian real estate investment Arab Today, arab today kuwait\s kfh seals first canadian real estate investment

 



Arab Today, arab today
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday