Kuwait's KAMCO inks $113m deal for US office building

Kuwait's KAMCO Investment Company has signed an agreement to acquire a newly built office building located in the United States in a deal worth $113 million.

The office building serves as the General Electric Company's new US Global Operations Centre and was acquired through the Carter real estate investment, development and advisory firm.

The property provides approximately 104,000 sq m of office space and is located in the heart of the Cincinnati Central Business District.

KAMCO said in a statement that the investment opportunity in the office building is expected to provide a highly attractive income return, and...Read more...