Gulf's biggest buyer of US property to double investments
Dubai
INVESTCORP Bank BSC, the Gulf's largest private investor in US property over the past 10 years, plans to step up property investments in the world's largest economy as it seeks to double assets under management to US$25 billion over the next five to seven years.
The company expects to spend US$1.5 billion on US property in the fiscal year through June, compared with about US$860 million in the year-earlier period, Jonathan Dracos, head of real estate at Investcorp,…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Lucrum Capital looks to sell Killiney hotel site for S$195 million
US 30-year mortgage rate rises to five-month high of 7.24%
Money laundering accused Su Baolin’s Sentosa property goes unsold at auction
US Judge approves US$418 million settlement that will change real estate commissions
In San Francisco, a home renovation can become a battle royale
Country Garden extends bonds to avoid first local default