19.11.2012 - KIA appoints Markaz to create property fund
Kuwait Financial Centre, Markaz, has been appointed by the Kuwait Investment Authority to manage its National Real Estate Portfolio. The agreement will see Markaz set up and manage a portfolio of properties with a value of not more than $885.7m (KWD: 250m) over a ten-year period. This would equate to around 28.6% of all of the assets under management held by Markaz at September 30, 2012. Fees will be dependent both on the amount invested and the portfolio's returns...............................................Full Article: Source
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