Dubai's Union Properties seeks $1 bln for projects
Reuters India - Mumbai,India
By Jason Benham DUBAI, Aug 12 (Reuters) - Dubai-listed Union Properties UPRO.DU plans to borrow $1 billion by the end of the year to help finance projects, and is looking to increase its foreign ownership limit in the company to 30 percent. Dubai's second-largest developer by market value is in talks with local and international banks... Ghoul told the Reuters Global Real Estate Summit in June the company would borrow at least 2.5 billion dirhams ($680.6 million) this year and an additional 1.5 billion dirhams ...
Tuesday, August 12, 2008
Union Properties Seeks $1 bln for New Projects
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