Reported 2 days ago
Arcapita Group Holdings is exploring the creation of a real estate investment trust (REIT) to manage its Middle Eastern property assets, potentially worth over $1 billion. The firm has consulted with banks regarding this initiative, which remains in early stages. Known for its extensive global real estate portfolio, Arcapita is optimistic about continued demand in the Gulf region, especially with ongoing economic growth supported by high oil prices.
Source: YAHOO