Dubai – Mubasher: The Nasdaq-listed ENBD REIT on Tuesday revealed that it had acquired a retail centre in Dubai from Souq Extra Company for AED 210 million, under a plan to diversify its rental income and portfolio.
Located in Silicon Oasis, the first phase of the centre includes a leasable area of 36,000 square feet including 42 retails units, according to a company statement.
The second phase comprises 55,000 square-foot European-style public area, ENBD REIT unveiled.
Managed by Emirates NBD Asset Management, the Sharia-compliant real estate investment trust's net assets reached $295 million on 30 September 2017.
