Tuesday, 24 October 2017 09:27 GMT
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Abu Dhabi-Tamouh inks USD84.3mn facility deal

(MENAFN) Abu Dhabi-based developer Tamouh Investments has inked an USD84.3mn facility to fund the final phase of the building of Tamouh's Paragon Bay Mall in Marina Square, Reem Island.

Additionally, the project will be provided by Abu Dhabi Islamic Bank, which was the lead arranger and sole bookrunner for the transaction.

Moreover, Paragon Bay Mall will be the first lifestyle community mall in Marine Square, providing waterfront dining, a selection of 180 shopping outlets.

The mall marks the start of the coming phase of the development of Marina Square as it looks to expand the community with the addition of a hotel and residential units.

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Abu Dhabi-Tamouh inks USD84.3mn facility deal