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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mubadala sells land for Abu Dhabi retail project

Posted on 02 January 2013

Mubadala Real Estate & Infrastructure (MREI) has announced the sale of four land plots on Al Maryah Island in Abu Dhabi for a retail project. MREI, a business unit of Mubadala Development Company, sold the plots to Gulf Related to deliver a further 288,200 sq m of retail space in Sowwah Square.
“The expansion will provide a world class regional retail destination that will include residential and hotel development in line with the vision of the Government of Abu Dhabi for the Al Maryah Island master plan,” a statement said without giving the value of the deal………………………………………..Full Article: Source


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