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Tamdeen Real Estate has signed an agreement to sell vacant land owned by its hotel subsidiary, Tamdeen World Hotels, for 14.2 million KWD. The sale is part of the company's broader strategy to monetize non-core and unused assets while focusing on operational areas. Historically, Tamdeen Real Estate has undertaken similar asset rationalization efforts to enhance liquidity and strengthen its portfolio. Experts note that such measures help the company fund development projects and manage financial stability, underlining a structured approach to asset management in the hospitality sector.
Tamdeen Real Estate has entered into an agreement to sell a vacant land parcel owned by its subsidiary, Tamdeen World Hotels, for 14.2 million Kuwaiti Dinars (KWD). The deal, finalized earlier this week, marks a strategic step by the company to monetize non-operational assets and optimize its portfolio. Advertisement
The land, which has remained unused, is part of the company's ongoing efforts to strengthen its financial position and focus on core operational areas. Tamdeen Real Estate has previously undertaken similar asset rationalization measures, including sales of non-core properties to generate liquidity and support its development projects.
The sale reflects the company's intent to streamline its holdings in the hospitality segment while continuing to invest in active projects and operational properties. Analysts suggest that monetizing idle land could provide Tamdeen Real Estate with funds to fund future growth or reduce debt.
Source Reuters
5th Jun, 2025
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