Nisus Finance Buys Dubai Motor City Tower for ₹536 Crore
Nisus Finance Services Company (NiFCO), a publicly listed alternative fund manager and urban infrastructure investor, has made its largest investment in the UAE by acquiring the entire residential tower Lootah Avenue in Dubai Motor City for ₹536 crore. This investment includes the acquisition of the property on a 3.34-acre parcel, along with transaction costs and refurbishment expenses. The multi-level building features two basements, a ground floor, 23 residential floors, and a rooftop. It offers a gross floor area of 304,680 sq ft and a net saleable area of 260,000 sq ft. Completed in 2021, Lootah Avenue consists of 273 apartments,…