International
The United Arab Emirates have not imposed "sanctions" and have been recently recorded an increase in transactions from both legal and illegal funds.
MC-UBSR was established in 2000 in the initial days of the J-REIT market as a joint venture between Mitsubishi Corporation and UBS Asset Management’s Real Estate & Private Markets business.
What has been discussed by the institutional investors' delegations at this year's MIPIM RE-Invest exhibition that is been held these days in Cannes.
The hotel is let on a triple net lease for a further 15 years, expiring March 2037 with four-yearly upward only rent reviews.
The lowering of the Country Ceiling to 'B-' reflects the expected impact of capital controls in impeding transfer and convertibility.