AlAhli REIT Fund completes land plot purchase from Alandalus Property

10/11/2020 Argaam


NCB Capital, the fund manager of AlAhli REIT Fund (1), said the fund completed the purchase of a 9,669 square meter land plot adjacent to Alandalus Mall, according to a bourse filing. 

 

“The land ownership was transferred to the fund,” the statement added.

 

The land acquisition falls within Alandalus Mall expansion project, NCB Capital said, expecting a positive financial impact from the deal.

 

In October, Alandalus Property Co. signed a contract to sell a land plot (B/3) to Alahli REIT Fund 1 for SAR 43.51 million, Argaam reported.

 

For more M&As

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.