Kuwait's Kamco Investment buys $31.5mln office property in UK

The deal is expected to result in an annual return of 8.5 percent approximately

  
A person wearing a protective face mask is seen in London, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 23, 2020. Image for illustrative purposes.

A person wearing a protective face mask is seen in London, following the outbreak of the coronavirus disease (COVID-19), London, Britain, May 23, 2020. Image for illustrative purposes.

REUTERS/Steven Watt

Kuwait’s Kamco Investment Company has bought an office property in Surrey, United Kingdom, for approximately 9.7 million Kuwait dinars ($31.52 million).

The deal is expected to result in an annual return of 8.5 percent approximately, the company said in a statement to Boursa Kuwait.

The company has reported a net profit attributable to shareholders of 3.03 million Kuwaiti dinars for the year 2019, compared to 2.56 million Kuwaiti dinars for the full year 2018.

(Reporting by Gerard Aoun; editing by Seban Scaria)

( gerard.aoun@refinitiv.com )

#Kamco #Property #Kuwait #UK

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