Thursday, November 02, 2006
Source: chron.com
GE Real Estate Europe, a unit of General Electric Co., announced Thursday it has combined with Dogus Holdings A.S. to attain a 51% stake in a Turkish real estate speculation trust.
Under the $50 million business, GE and Turkish Dogus goods will own 51 percent of Garanti REIT, which trades on the Istanbul Stock Exchange. The trust invests in commercial real estate and at hand owns six investment assets in Istanbul, Antalya and Bucharest. The trust had a market capitalization of $94 million as of November 2006.
GE Real Estate Europe, a unit of General Electric Co., announced Thursday it has combined with Dogus Holdings A.S. to attain a 51% stake in a Turkish real estate speculation trust.
Under the $50 million business, GE and Turkish Dogus goods will own 51 percent of Garanti REIT, which trades on the Istanbul Stock Exchange. The trust invests in commercial real estate and at hand owns six investment assets in Istanbul, Antalya and Bucharest. The trust had a market capitalization of $94 million as of November 2006.
posted by nisha
@ 9:24 PM
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