Economy, Business And Markets

Iran's 2nd Real-Estate Investment Trust Launched

2nd Real-Estate Investment Trust Launched2nd Real-Estate Investment Trust Launched

The Iranian government on Saturday inaugurated the country’s second real-estate investment trust (REIT) called Narvan in Tehran through the Maskan Investment Group, the parent company of Bank Maskan, the agent bank of the housing sector.
Mohamamd Reza Amini, MIG’s chief executive, announced the second REIT’s launch on Sunday in a ceremony held to inaugurate the building financed by its first REIT. 
According to HIBNA, the official news outlet of the lender, the project is a 144-unit residential building that has already sold 91 units.


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