Construction Forum - Carpentry, Rough Framing, Trim Carpentry and related Construction. / Carpentry / Rough Framing / Developer asks buyers to cover construction costs (AME Info)

Post Reply  Post Thread 
Developer asks buyers to cover construction costs (AME Info)
Author Message
Construction-News
Posting Freak
*****


Posts: 40,406
Group: Registered
Joined: Mar 2008
Status: Offline
Reputation: 0
Post: #1
Developer asks buyers to cover construction costs (AME Info)

Property developer MiNC has sent a letter to investors in its Prodigy 1 project in Jumeirah Village asking them for up to 88% extra capital up front to cover construction costs. The move comes as banks in the emirate curtail project financing, leaving some firms with no access to liquidity.

Posted on Wed, 19 Nov 2008 08:57:28 GMT at http://us.rd.yahoo.com/dailynews/rss/sea...76244.html

11-19-2008 07:02 PM
Find all posts by this user Quote this message in a reply
Post Reply  Post Thread 

View a Printable Version
Send this Thread to a Friend
Subscribe to this Thread | Add Thread to Favorites
Forum Jump:

Contact Us | Florida Construction | Return to Top | Return to Content | Lite (Archive) Mode | RSS Syndication