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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Mubadala, Gulf Related in Dh248mln refinancing of The Galleria debt

Posted on 25 September 2013

Mubadala Real Estate & Infrastructure, a business unit of Mubadala Development Company, and Gulf Related, a regional real estate development company focused on high-end retail, residential and mixed-use real estate developments in the Middle East, announce Dh248 million refinancing of The Galleria debt with the National Bank of Abu Dhabi, following the successful opening and 100 per cent leasing of the retail mall in August.
The Dh248 m refinancing facility will help The Galleria to further strengthen its capital structure, reduce its borrowing cost and generate over 50 per cent in annual interest expense savings………………………………………..Full Article: Source


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