Damac raises loan for first UK development

Mariam Meskin

April 15, 2019 10:00 am

construction 230-150x — A new building is being constructed with use of tower crane | ILKER CELIK/ilkercelik - Fotolia

Dubai-based property firm Damac has raised £175m to finance the development of its first luxury real estate project in London, Damac Tower. The deal comes amid prolonged Brexit uncertainty and a slump in the UAE’s real estate market.

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Topics

Syndicated Loans Emerging Market Loans United Arab Emirates Middle East Emerging Markets EMEA Middle East Loans EM Middle East GCC

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Mariam Meskin