Global acquires medical office building in US

DUBAI — Global Investment House announced yesterday the conclusion of its first medical office building acquisition in the United States, the second acquisition of its US Real Estate Fund investment scheme.

By A Staff Reporter

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Published: Sun 7 Aug 2005, 10:29 AM

Last updated: Thu 2 Apr 2015, 4:12 PM

Sameer A. Al-Gharaballi, executive vice-president at Global said that the company is continuously going through researches and studies for all acquisition opportunities in the United States, which has resulted in this investment.

He added that the property is Northwest Medical Arts Building, located in Arlington Heights, Illinois. The total value of the investment is $10.28 million, and the fund's share is equivalent to $3.48 million.

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