ENBD REIT announces sale of Remraam residential structures ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
ENBD REIT announces sale of Remraam residential structures
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 39
ENBD REIT has announced the successful sale of the Remraam residential assets at a slight premium to market value. The decision to divest this asset with ENBD REIT’s turnaround strategy was to optimise its portfolio with a focus on dividend growth via proactive asset management. The proceeds from this sale will be utilised to reduce debt. “Following a comprehensive review of the portfolio, we have identified a clear turnaround strategy to unlock value for our shareholders and maintain our position as a reliable dividend payer. This divestment marks a significant first step to streamline our future-facing portfolio by improving the overall mix of the portfolio and strengthen our financial fou

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