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November 12, 2009

Dubai investment firm sells London buildings

Filed under: Alternative Investment — Tags: — trevor @ 5:17 am

Dubai investment firm Istithmar World has sold two buildings in London to Great Portland Estates (GPE), its financial statements showed.

Istithmar is one of the flagship companies of state-owned Dubai World, whose real estate unit Nakheel is struggling to refinance $3.52bn Islamic bonds maturing in December.

Read More at Arabian Business

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