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Property acquisitions

ENBD Reit earmarks $65m for property acquisitions in 2019

ENBD Reit earmarks $65m for property acquisitions in 2019

The Sharia-compliant real estate investment trust is diversifying the composition of its $456m portfolio ENBD Reit, the Sharia-compliant real estate investment trust managed by Emirates NBD Asset Management, has earmarked $65 million for acquisitions this year as it seeks to diversify its $456m property portfolio amid soft market conditions, an executive said. The Nasdaq Dubai-listed…