Wharf Retail AED860 million financing

Overview:

• An SPV subsidiary of Meraas Holding has taken out AED860 million in new financing.
• The financing is made up of both conventional and Islamic facilities with the funds will be used to finance the development of the Wharf Retail real estate development, which forms part of the Blue Waters Project.
• Emirates NBD led the group of lenders.
• The Blue Waters Project is a island near the Dubai marina and will include entertainment, hospitality, residential and retail zones.

Sam Duke - Editor