The company ENBD REIT announced that it has begun discussions regarding the potential acquisition of one of its real estate properties, the office building The Edge in Dubai Internet City. The potential deal is being valued at 750 million US dollars. According to the director of ENBD REIT, this proposal reflects the company's strategy to maximize the value of the portfolio for its shareholders. The Edge is an important asset for ENBD REIT, offering high income potential. An upcoming acquisition will also allow the company to focus on the development of other assets in its portfolio.
"We are confident that this deal will be beneficial for our investors and will contribute to achieving the company's goals," noted the director. At the current moment, ENBD REIT continues to evaluate the acquisition proposal and conduct necessary additional consultations.
