Shariah-compliant Qatar First Bank buys Seattle office building for $117 mln as it seeks to overturn losses
Shariah-compliant Qatar First Bank has acquired a property in Seattle, Washington, USA, for $117 million as it seeks to overturn its 2018 loss of 482 million riyals ($132.38 million).
The four-building corporate campus property is fully rented by telco T-Mobile and software company Mindtree, the investment bank said in a statement on Monday (Feb 3).
QFB said the 262,000-square foot off-market acquisition is its sixth product offering and fourth in the U.S. real estate market.
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