{"id":86975,"date":"2021-12-21T12:09:04","date_gmt":"2021-12-21T09:09:04","guid":{"rendered":"http:\/\/192.163.207.100\/~timesku1\/news\/?p=86975"},"modified":"2021-12-21T12:09:04","modified_gmt":"2021-12-21T09:09:04","slug":"proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/","title":{"rendered":"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019"},"content":{"rendered":"<p>The Kuwait Investment Authority is serious about exiting the National Real Estate Portfolio in two phases according to the plan. The first will take place through a public auction to sell nearly half of the assets of the real estate portfolio on December 28, and the second is currently being arranged in coordination with specialized agencies to display the rest of the real estate assets through public auction as well.<\/p>\n<p>Senior sources in the authority told Al-Rai the exit output from the portfolio will be transferred to the accounts of the State General Reserve Fund, which is managed by the \u2018Investment Authority\u2019, within the framework of the continuous support for the fund&#8217;s liquidity, noting that the face value of these real estate is 230 million dinars, but market assessments may push the value to levels exceeding 300 million dinars, if desire is to purchase during the auction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kuwait Investment Authority is serious about exiting the National Real Estate Portfolio in two phases according to the plan. The first will take place through a public auction to sell nearly half of the assets of the real estate portfolio on December 28, and the second is currently being arranged in coordination with specialized [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":86977,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18],"tags":[60,4822,4463],"class_list":["post-86975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","tag-kuwait","tag-kuwait-investment-authority","tag-kuwait-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019 - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019 - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"The Kuwait Investment Authority is serious about exiting the National Real Estate Portfolio in two phases according to the plan. The first will take place through a public auction to sell nearly half of the assets of the real estate portfolio on December 28, and the second is currently being arranged in coordination with specialized [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"TimesKuwait\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/timeskuwait\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-21T09:09:04+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/12\/1097737.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TimesAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:site\" content=\"@thetimesq8\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TimesAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/\"},\"author\":{\"name\":\"TimesAdmin\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/1f7ebf5aeb4e2934be640ecead337f70\"},\"headline\":\"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019\",\"datePublished\":\"2021-12-21T09:09:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/\"},\"wordCount\":158,\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/1097737.jpg\",\"keywords\":[\"Kuwait\",\"Kuwait Investment Authority\",\"Kuwait Real estate\"],\"articleSection\":[\"Featured\",\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/\",\"name\":\"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019 - TimesKuwait\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/1097737.jpg\",\"datePublished\":\"2021-12-21T09:09:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#primaryimage\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/1097737.jpg\",\"contentUrl\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2021\\\/12\\\/1097737.jpg\",\"width\":800,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/\",\"name\":\"TimesKuwait\",\"description\":\"Kuwait&#039;s Premier News Content Portal\",\"publisher\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#organization\",\"name\":\"TimesKuwait\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"http:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/TimesLog.jpg\",\"contentUrl\":\"http:\\\/\\\/timeskuwait.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/TimesLog.jpg\",\"width\":300,\"height\":103,\"caption\":\"TimesKuwait\"},\"image\":{\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/timeskuwait\",\"https:\\\/\\\/x.com\\\/thetimesq8\",\"https:\\\/\\\/www.instagram.com\\\/thetimeskuwait\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/#\\\/schema\\\/person\\\/1f7ebf5aeb4e2934be640ecead337f70\",\"name\":\"TimesAdmin\",\"url\":\"https:\\\/\\\/timeskuwait.com\\\/news\\\/author\\\/timesadmin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019 - TimesKuwait","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/","og_locale":"en_US","og_type":"article","og_title":"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019 - TimesKuwait","og_description":"The Kuwait Investment Authority is serious about exiting the National Real Estate Portfolio in two phases according to the plan. The first will take place through a public auction to sell nearly half of the assets of the real estate portfolio on December 28, and the second is currently being arranged in coordination with specialized [&hellip;]","og_url":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/","og_site_name":"TimesKuwait","article_publisher":"https:\/\/www.facebook.com\/timeskuwait","article_published_time":"2021-12-21T09:09:04+00:00","og_image":[{"width":800,"height":600,"url":"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/12\/1097737.jpg","type":"image\/jpeg"}],"author":"TimesAdmin","twitter_card":"summary_large_image","twitter_creator":"@thetimesq8","twitter_site":"@thetimesq8","twitter_misc":{"Written by":"TimesAdmin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#article","isPartOf":{"@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/"},"author":{"name":"TimesAdmin","@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/person\/1f7ebf5aeb4e2934be640ecead337f70"},"headline":"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019","datePublished":"2021-12-21T09:09:04+00:00","mainEntityOfPage":{"@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/"},"wordCount":158,"publisher":{"@id":"https:\/\/timeskuwait.com\/news\/#organization"},"image":{"@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/12\/1097737.jpg","keywords":["Kuwait","Kuwait Investment Authority","Kuwait Real estate"],"articleSection":["Featured","Local"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/","url":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/","name":"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019 - TimesKuwait","isPartOf":{"@id":"https:\/\/timeskuwait.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#primaryimage"},"image":{"@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#primaryimage"},"thumbnailUrl":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/12\/1097737.jpg","datePublished":"2021-12-21T09:09:04+00:00","breadcrumb":{"@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#primaryimage","url":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/12\/1097737.jpg","contentUrl":"https:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2021\/12\/1097737.jpg","width":800,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/timeskuwait.com\/news\/proceeds-of-sale-of-real-estate-portfolio-to-go-to-general-reserve-fund\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/timeskuwait.com\/news\/"},{"@type":"ListItem","position":2,"name":"Proceeds of sale of real estate portfolio to go to \u2018General Reserve Fund\u2019"}]},{"@type":"WebSite","@id":"https:\/\/timeskuwait.com\/news\/#website","url":"https:\/\/timeskuwait.com\/news\/","name":"TimesKuwait","description":"Kuwait&#039;s Premier News Content Portal","publisher":{"@id":"https:\/\/timeskuwait.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/timeskuwait.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/timeskuwait.com\/news\/#organization","name":"TimesKuwait","url":"https:\/\/timeskuwait.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/logo\/image\/","url":"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2020\/04\/TimesLog.jpg","contentUrl":"http:\/\/timeskuwait.com\/news\/wp-content\/uploads\/2020\/04\/TimesLog.jpg","width":300,"height":103,"caption":"TimesKuwait"},"image":{"@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/timeskuwait","https:\/\/x.com\/thetimesq8","https:\/\/www.instagram.com\/thetimeskuwait\/"]},{"@type":"Person","@id":"https:\/\/timeskuwait.com\/news\/#\/schema\/person\/1f7ebf5aeb4e2934be640ecead337f70","name":"TimesAdmin","url":"https:\/\/timeskuwait.com\/news\/author\/timesadmin\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/posts\/86975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/comments?post=86975"}],"version-history":[{"count":0,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/posts\/86975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/media\/86977"}],"wp:attachment":[{"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/media?parent=86975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/categories?post=86975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timeskuwait.com\/news\/wp-json\/wp\/v2\/tags?post=86975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}