UAE’s Eshraq Properties Exits Stake in Ward Holdings for AED 68 mn

Wednesday, 14th June 2017

Abu Dhabi’s real estate developer Eshraq Properties is to divest its entire stake in UK real estate company Ward Holdings, Invest-Gate reports.

Eshraq entered into an agreement to sell its 4.55% equity in Ward for AED 68 mn.

Ward operates under the laws of Dubai International Financial Centre (DIFC), owning a hotel in the centre. Eshraq did not mention further details in the bourse statement published on June.

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