The deal is the latest for CIT as part of its joint venture with Jadwa Investment, the Riyadh-based investment bank. The pair expect to invest around £500m in the UK real estate market.
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CIT Group Plc has completed the acquisition of the Princes Quay Shopping Centre, Hull for £71m.
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John Barroll Brown, Chairman and CEO of The CIT Group of Companies, announced today some structural changes to the management of its existing funds' assets.
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CIT Group Plc has announced it has completed the acquisition of a prime residential site overlooking Regent's Park and primrose Hill in St John's Wood, London for £51m.
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CIT purchased King's Reach Tower in a joint venture with Jadwa Investment in June 2010. The acquisition of Kings Reach Tower builds on CIT’s extensive development expertise on the South Bank. The sc... Read more »
CIT is a private equity real estate company. Since 1995 we’ve invested £3.0 billion in real estate markets globally. Our key management qualities are bright people with bright ideas. We ... Read more »
Quentin Burgess, Hermes Pensions Management
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