Dubai’s Le Grande mall acquired by Emirates Reit
Emirates Reit has acquired a community mall in Dubai Marina for Dhs118.2m, its first purchase since the company floated last month, The National has reported. The Shari’ah-compliant trust has bought the 86,396 sq m Le Grande community mall on the ground and podium floors of Trident Grand Residence, a luxury 45-storey tower block close to JBR Walk. The shopping complex comprises 22 shops and cafes, 19 of which are let to stores including Cheeky Monkeys, Beauty Secret Ladies Salon and Reem Al Bawadi and Hako Sushi restaurants. It also includes 161 basement car park spaces, Emirates Reit said.