London and Dubai-based management firm MiNC Property Enterprises said at MIPIM it plans to raise up to £100m (EUR 130 mln) in equity across Europe, Turkey, Russia, and South Africa. The equity will be used to fund investment in London and Dubai hotels and residential properties.
London and Dubai-based management firm MiNC Property Enterprises said at MIPIM it plans to raise up to £100m (EUR 130 mln) in equity across Europe, Turkey, Russia, and South Africa. The equity will be used to fund investment in London and Dubai hotels and residential properties.
Established in 1978, MiNC has about £300 mln of assets and over 100 employees. The company also said it has funding in place for a £38 mln tourist development in the Dubai flagship project Jumerah. Construction work is expected to start in 2009. Next month the project will be put on the market, a company spokesperson told PropertyEU.
