ENBD REIT's USD105 funds deployment completed
(MENAFN) Shari'a-compliant real estate investment trust company ENBD REIT, has announced that it has completed the deployment of the USD105 million in cash raised at the listing in March 2017.
Dubai-based ENBD REIT, as a trust managed by Emirates NBD Asset Management, said that the most recent attainment of the Edge Building in Dubai Internet City has also developed its existing Islamic finance facility, which means that the property portfolio is operating at an efficient Loan-to-Value (LTV) ratio of 32 percent.
Recent acquisitions by ENBD REIT have focused on a various range of asset types.
Dubai-based ENBD REIT, as a trust managed by Emirates NBD Asset Management, said that the most recent attainment of the Edge Building in Dubai Internet City has also developed its existing Islamic finance facility, which means that the property portfolio is operating at an efficient Loan-to-Value (LTV) ratio of 32 percent.
Recent acquisitions by ENBD REIT have focused on a various range of asset types.
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