Saudi Cenomi and GIB Capital launch a €245 million retail property fund

Featured image of the article Saudi Cenomi and GIB Capital launch a €245 million retail property fund

An article by Sophie Baqué and Morgane Monteiro

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Publication

15 October 2024 à 11h50

Updated on 18 October 2024 à 18h15

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2 minutes

Publication: 15 October 2024 à 11h50, Updated on 18 October 2024 à 18h15

Reading time: 2 minutes

An article by Sophie Baqué and Morgane Monteiro

Ajouter mind Retail à vos sources

Publication

15 October 2024 à 11h50

Updated on 18 October 2024 à 18h15

Reading time

2 minutes

Publication: 15 October 2024 à 11h50, Updated on 18 October 2024 à 18h15

Reading time: 2 minutes

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On October 8, 2024, in Saudi Arabia, mall developer Cenomi Centres (66 million visitors in H1 2024, 92.5% occupancy rate) joined forces with investment fund GIB Capital (a branch of Gulf International Bank) to create a property fund with initial capital of US$267 million. The aim of the fund is to finance the purchase of land in the Qassim region, North-West of Riyadh capital city, and to develop the U Walk mall in Buraidah (investment of US$107 million). This 135-store shopping centre, coverin

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Article authors

Featured image of the article Sophie Baqué

Sophie Baqué Chief Editor of mind Retail

Featured image of the article Sophie Baqué

Featured image of the article Morgane Monteiro

Morgane Monteiro Journalist

Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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