Aljazira Mawten REIT inks deal with Star Link to operate warehouses in Jeddah

08/03/2020 Argaam

 

Aljazira Mawten REIT Fund signed a contract with Star Link Real Estate Co. to operate, maintain, and provide marketing services to its warehouses in Jeddah, based on the approval of the board of directors, Aljazira Financial Markets Co. said in a bourse statement on Sunday.

 

Located in the Al-Khomrah region in Jeddah, the property will be fully delivered before March 10, 2020, as per the contract with the former operator, Mawten Real Estate Co.

 

The contract will have a positive financial impact on the fund’s 2020 financials, the statement added.

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