Mediterranean Investments Holding (MIH) has lowered the value of its Palm City development in Libya by nearly 20 percent. In a statement on the Malta Stock Exchange, the directors made reference to an appraisal report submitted by PricewaterhouseCoopers for 2013, which valued the Palm City property at €315 million, against a reported value of €310 […]
Tag Archives | Mediterranean Investments Holding
MIH Considers Fundraising for Libya Projects
Bloomberg reports that Malta-based developer Mediterranean Investments Holding is considering a 100 million-euro ($132 million) share sale in London to fund home-building in Libya. The company, set up in 2006 as a joint venture between the Corinthia Group of Malta and the National Real Estate Company of Kuwait, has purchased land in the northwestern town of […]
Tags: Corinthia Group, H.K. Advisory Services, Housing, Janzur, Kuwait, Malta, Mediterranean Investments Holding, National Real Estate Company of Kuwait, Palm City, Palm Waterfront, Property, real estate
MIH plc to call meeting to approve €8 million loan repayment
The board of directors of Mediterranean Investments Holding plc will call investors to approve a change to the use of bond proceeds, for the partial repayment of a €13.2 million loan taken out by the company to meet creditor payments during the civil war in Libya in 2011. Bondholders will be convened on 11 June, […]
Maltese firm to resume massive Tripoli project
Malta-based Mediterranean Investments Holding has restarted its preparatory work on the €300m Medina Tower in Tripoli. The work was brought to an abrupt halt by the uprising in Libya, but the company has now reconvened the project team to get the project going again. "The directors are of the opinion that the opportunity for the […]