Kuwait – Mubasher: Warba Bank on Tuesday announced acquiring an apartment building in Dallas in Texas, US.
The apartment building is a multifamily residential plot that consists of 417 housing units, the bank said in a statement to Boursa Kuwait.
The new deal was coordinated in partnership with American firm Cortland Partners, specialised in offering an integrated service regarding buildings’ acquisition, as well as real estate development.
Warba Bank acquired a stake worth $23.46 million, the bank added, noting that the deal is deemed as one of the bank's usual daily work.
In mid-August, Warba Bank had posted acquiring a luxury apartment building on Virginia Beach, Ultris, at Banyan Grove in the US state of Virginia, with an investment worth $17.34 million.
